Binding coverage, primary products (%)
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).
Description: The map below shows how Binding coverage, primary 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 Bulgaria, with a value of 100.00. The country with the lowest value in the world is Congo, with a value of 52.18.
Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.