Korea - Binding coverage

Binding coverage, manufactured products (%)

Binding coverage, manufactured products (%) in Korea was 95.35 as of 2020. Its highest value over the past 25 years was 96.55 in 1995, while its lowest value was 94.59 in 2002.

Definition: Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.

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

See also:

Year Value
1995 96.55
1996 96.20
1997 96.20
1998 96.20
1999 96.20
2000 96.20
2001 96.20
2002 94.59
2003 94.59
2004 94.59
2005 94.59
2006 94.59
2007 94.82
2008 94.82
2009 94.82
2010 94.82
2011 94.82
2012 94.79
2013 94.79
2014 94.79
2015 95.26
2016 95.26
2017 95.35
2018 95.35
2020 95.35

Binding coverage, all products (%)

Binding coverage, all products (%) in Korea was 94.52 as of 2020. Its highest value over the past 25 years was 96.17 in 1995, while its lowest value was 94.10 in 2012.

Definition: Binding coverage is the percentage of product lines with an agreed bound rate. Bound rates result from trade negotiations incorporated into a country's schedule of concessions and are thus enforceable.

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

See also:

Year Value
1995 96.17
1996 95.89
1997 95.89
1998 95.89
1999 95.89
2000 95.89
2001 95.89
2002 94.62
2003 94.62
2004 94.62
2005 94.62
2006 94.62
2007 94.65
2008 94.65
2009 94.65
2010 94.65
2011 94.65
2012 94.10
2013 94.10
2014 94.10
2015 94.39
2016 94.39
2017 94.54
2018 94.54
2020 94.52

Binding coverage, primary products (%)

Binding coverage, primary products (%) in Korea was 92.00 as of 2020. Its highest value over the past 25 years was 94.82 in 1995, while its lowest value was 91.74 in 2015.

Definition: Binding coverage is the percentage of product lines with an agreed bound rate. 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
1995 94.82
1996 94.77
1997 94.77
1998 94.77
1999 94.77
2000 94.77
2001 94.77
2002 94.58
2003 94.58
2004 94.58
2005 94.58
2006 94.58
2007 93.96
2008 93.96
2009 93.96
2010 93.96
2011 93.96
2012 91.97
2013 91.97
2014 91.97
2015 91.74
2016 91.74
2017 92.07
2018 92.07
2020 92.00

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs