World - Binding coverage

Binding coverage, all products (%)

Binding coverage, all products (%) in World was 22.78 as of 2017. Its highest value over the past 22 years was 82.23 in 2014, while its lowest value was 22.78 in 2017.

Definition: Binding coverage is the percentage of product lines with an agreed bound rate. 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 81.82
1996 74.92
1997 68.20
1998 72.87
1999 75.05
2000 73.76
2001 71.63
2002 71.09
2003 71.72
2004 76.80
2005 76.21
2006 78.51
2007 78.04
2008 77.36
2009 76.78
2010 77.31
2011 77.48
2012 80.23
2013 78.31
2014 82.23
2015 80.45
2016 80.65
2017 22.78

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs