Lao PDR - Bound rate, simple mean, primary products (%)
Bound rate, simple mean, primary products (%) in Lao PDR was 21.06 as of 2020. Its highest value over the past 6 years was 21.16 in 2018, while its lowest value was 21.06 in 2019.
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 |
|---|---|
| 2014 | 21.16 |
| 2015 | 21.16 |
| 2016 | 21.16 |
| 2017 | 21.16 |
| 2018 | 21.16 |
| 2019 | 21.06 |
| 2020 | 21.06 |
Periodicity: Annual
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Tariffs
