Bound rate, simple mean, manufactured products (%)
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. More info »
Data source: World Bank, World Development Indicators - Last updated June 30, 2016