India - Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in India was 93.29 as of 2020. Its highest value over the past 24 years was 93.29 in 2020, while its lowest value was 89.03 in 2007.

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
1996 90.88
1997 90.88
1999 90.88
2000 90.88
2001 90.88
2002 89.14
2003 89.13
2004 89.12
2005 89.09
2006 89.08
2007 89.03
2008 89.04
2009 89.05
2010 89.05
2011 93.09
2012 93.08
2013 93.07
2015 93.29
2016 93.29
2017 93.29
2018 93.29
2019 93.29
2020 93.29

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs