South Asia - Bound rate

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in South Asia was 31.72 as of 2017. Its highest value over the past 22 years was 64.72 in 1999, while its lowest value was 31.72 in 2017.

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.

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

See also:

Year Value
1995 60.10
1996 49.62
1997 42.24
1998 62.44
1999 64.72
2000 51.79
2001 51.79
2002 55.29
2003 51.92
2004 45.79
2005 45.79
2006 45.78
2007 48.84
2008 45.74
2009 45.75
2010 45.75
2011 46.17
2012 46.95
2013 48.44
2014 40.06
2015 46.95
2016 48.55
2017 31.72

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs