Korea - Binding coverage, manufactured products (%)

Binding coverage, manufactured products (%) in Korea was 95.35 as of 2020. Its highest value over the past 25 years was 96.55 in 1995, while its lowest value was 94.59 in 2002.

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. 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 96.55
1996 96.20
1997 96.20
1998 96.20
1999 96.20
2000 96.20
2001 96.20
2002 94.59
2003 94.59
2004 94.59
2005 94.59
2006 94.59
2007 94.82
2008 94.82
2009 94.82
2010 94.82
2011 94.82
2012 94.79
2013 94.79
2014 94.79
2015 95.26
2016 95.26
2017 95.35
2018 95.35
2020 95.35

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs