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

Bound rate, simple mean, primary products (%) in Nepal was 32.88 as of 2020. Its highest value over the past 16 years was 32.88 in 2020, while its lowest value was 32.32 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
2004 32.41
2005 32.41
2006 32.41
2007 32.32
2008 32.32
2009 32.32
2010 32.32
2011 32.32
2012 32.32
2013 32.62
2014 32.62
2015 32.62
2016 32.62
2018 32.88
2019 32.88
2020 32.88

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs