Bound rate, simple mean, manufactured products (%)
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.
Description: The map below shows how Bound rate, simple mean, manufactured products (%) varies by country. The shade of the country corresponds to the magnitude of the indicator. The darker the shade, the higher the value. The country with the highest value in the world is Tanzania, with a value of 120.00. The country with the lowest value in the world is Switzerland, with a value of 0.00.
Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.