Mongolia - Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Mongolia was 17.04 as of 2020. Its highest value over the past 21 years was 17.08 in 2003, while its lowest value was 16.99 in 2007.

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. 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.

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Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs