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

Bound rate, simple mean, manufactured products (%) in Philippines was 23.61 as of 2020. Its highest value over the past 25 years was 23.71 in 2007, while its lowest value was 23.56 in 2013.

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.

See also:

Year Value
1995 23.68
1996 23.65
1997 23.65
1998 23.65
1999 23.65
2000 23.65
2001 23.65
2002 23.65
2003 23.65
2004 23.71
2005 23.71
2006 23.71
2007 23.71
2008 23.63
2009 23.63
2010 23.63
2011 23.63
2012 23.63
2013 23.56
2015 23.56
2016 23.56
2017 23.56
2018 23.61
2019 23.61
2020 23.61

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs