Korea - Binding coverage, primary products (%)

Binding coverage, primary products (%) in Korea was 92.00 as of 2020. Its highest value over the past 25 years was 94.82 in 1995, while its lowest value was 91.74 in 2015.

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. 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 94.82
1996 94.77
1997 94.77
1998 94.77
1999 94.77
2000 94.77
2001 94.77
2002 94.58
2003 94.58
2004 94.58
2005 94.58
2006 94.58
2007 93.96
2008 93.96
2009 93.96
2010 93.96
2011 93.96
2012 91.97
2013 91.97
2014 91.97
2015 91.74
2016 91.74
2017 92.07
2018 92.07
2020 92.00

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs