Venezuela - Bound rate

Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in Venezuela was 33.86 as of 2020. Its highest value over the past 25 years was 33.89 in 2013, while its lowest value was 33.85 in 1997.

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 33.87
1997 33.85
1998 33.85
1999 33.85
2000 33.85
2001 33.85
2002 33.85
2003 33.85
2004 33.85
2005 33.85
2006 33.89
2007 33.89
2008 33.89
2009 33.89
2010 33.89
2011 33.89
2012 33.89
2013 33.89
2014 33.86
2015 33.86
2016 33.86
2017 33.86
2018 33.86
2019 33.86
2020 33.86

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Venezuela was 36.72 as of 2020. Its highest value over the past 25 years was 36.72 in 2020, while its lowest value was 36.46 in 2006.

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 36.47
1997 36.50
1998 36.50
1999 36.50
2000 36.50
2001 36.50
2002 36.50
2003 36.50
2004 36.50
2005 36.50
2006 36.46
2007 36.46
2008 36.46
2009 36.46
2010 36.46
2011 36.46
2012 36.46
2013 36.46
2014 36.68
2015 36.68
2016 36.68
2017 36.72
2018 36.72
2019 36.72
2020 36.72

Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Venezuela was 44.97 as of 2020. Its highest value over the past 25 years was 45.62 in 2005, while its lowest value was 44.83 in 2014.

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
1995 45.29
1997 45.62
1998 45.62
1999 45.62
2000 45.62
2001 45.62
2002 45.62
2003 45.62
2004 45.62
2005 45.62
2006 45.20
2007 45.20
2008 45.20
2009 45.20
2010 45.20
2011 45.20
2012 45.20
2013 45.20
2014 44.83
2015 44.83
2016 44.83
2017 44.97
2018 44.97
2019 44.97
2020 44.97

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs