Dominican Republic - Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Dominican Republic was 38.89 as of 2020. Its highest value over the past 24 years was 38.91 in 2016, while its lowest value was 38.50 in 1997.

Definition: Simple mean bound rate is the unweighted average of all the lines in the tariff schedule in which bound rates have been set. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.

See also:

Year Value
1996 38.66
1997 38.50
1998 38.66
1999 38.66
2000 38.50
2001 38.66
2002 38.66
2003 38.66
2004 38.66
2005 38.74
2006 38.74
2007 38.81
2008 38.81
2010 38.81
2011 38.81
2012 38.91
2013 38.91
2015 38.91
2016 38.91
2017 38.89
2018 38.89
2020 38.89

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs