Bound rate, simple mean, all products (%)
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. More info »
1995
1998
2001
2004
2008
2011
2014
2017
2020
-0.50
0.00
0.50
1.00
1.50
2.00
2.50
3.00
3.50
4.00
4.50
5.00
5.50
6.00
6.50
7.00
European Union
Data source: World Bank, World Development Indicators - Last updated January 1, 2020