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

Bound rate, simple mean, primary products (%) in Mongolia was 18.98 as of 2020. Its highest value over the past 21 years was 18.99 in 2015, while its lowest value was 18.94 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
1999 18.95
2000 18.95
2001 18.95
2002 18.95
2003 18.95
2004 18.96
2005 18.96
2006 18.96
2007 18.94
2008 18.94
2009 18.94
2010 18.94
2011 18.94
2013 18.94
2015 18.99
2017 18.98
2018 18.98
2019 18.98
2020 18.98

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs