Korea - Bound rate, simple mean, all products (%)

Bound rate, simple mean, all products (%) in Korea was 16.55 as of 2020. Its highest value over the past 25 years was 18.23 in 2014, while its lowest value was 15.74 in 1996.

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:

• Thematic map
• Country comparison
• Country ranking
• Download data to Excel

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs