South Africa - Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in South Africa was 27.54 as of 2020. Its highest value over the past 24 years was 27.54 in 2020, while its lowest value was 26.07 in 1996.

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
1996 26.07
1997 27.00
1999 27.00
2000 27.00
2001 27.00
2002 26.86
2003 26.86
2004 26.86
2005 26.86
2006 26.86
2007 27.16
2008 27.16
2009 27.16
2010 27.16
2011 27.16
2012 27.32
2013 27.32
2014 27.32
2015 27.32
2016 27.32
2017 27.54
2018 27.54
2019 27.54
2020 27.54

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs