European Union - Bound rate

Bound rate, simple mean, manufactured products (%)

Bound rate, simple mean, manufactured products (%) in European Union was 4.00 as of 2020. Its highest value over the past 25 years was 4.24 in 2006, while its lowest value was 3.98 in 1995.

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 3.98
1996 4.19
1997 4.19
1998 4.19
1999 4.19
2000 4.21
2001 4.21
2002 4.23
2003 4.23
2004 4.24
2005 4.24
2006 4.24
2007 4.20
2008 4.19
2009 4.19
2010 4.19
2011 4.19
2012 4.17
2013 4.15
2014 4.15
2015 3.99
2016 3.99
2017 4.00
2018 4.00
2019 4.00
2020 4.00

Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in European Union was 4.39 as of 2020. Its highest value over the past 25 years was 6.32 in 2001, while its lowest value was 4.09 in 1995.

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 4.09
1996 6.16
1997 6.09
1998 6.07
1999 6.08
2000 6.10
2001 6.32
2002 6.24
2003 6.24
2004 6.09
2005 6.27
2006 6.23
2007 6.16
2008 5.93
2009 5.90
2010 5.88
2011 5.83
2012 6.02
2013 5.92
2014 5.90
2015 4.39
2016 4.39
2017 4.39
2018 4.39
2019 4.39
2020 4.39

Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in European Union was 5.75 as of 2020. Its highest value over the past 25 years was 13.72 in 2001, while its lowest value was 4.57 in 1995.

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 4.57
1996 13.02
1997 12.72
1998 12.64
1999 12.66
2000 12.70
2001 13.72
2002 13.24
2003 13.24
2004 12.52
2005 13.31
2006 13.16
2007 12.86
2008 11.88
2009 11.71
2010 11.66
2011 11.45
2012 11.48
2013 11.14
2014 11.06
2015 5.76
2016 5.76
2017 5.75
2018 5.75
2019 5.75
2020 5.75

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs