Venezuela - 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

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs