Nigeria - Binding coverage
Binding coverage, manufactured products (%)
Binding coverage, manufactured products (%) in Nigeria was 8.14 as of 2020. Its highest value over the past 25 years was 11.32 in 1995, while its lowest value was 8.14 in 2020.
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 | 11.32 |
| 1996 | 11.27 |
| 1997 | 11.27 |
| 1998 | 11.27 |
| 1999 | 11.27 |
| 2000 | 11.27 |
| 2001 | 11.27 |
| 2002 | 11.27 |
| 2003 | 11.27 |
| 2005 | 10.54 |
| 2006 | 10.54 |
| 2008 | 10.54 |
| 2009 | 8.46 |
| 2010 | 8.46 |
| 2011 | 8.46 |
| 2013 | 8.46 |
| 2014 | 8.46 |
| 2015 | 8.17 |
| 2016 | 8.17 |
| 2020 | 8.14 |
Binding coverage, all products (%)
Binding coverage, all products (%) in Nigeria was 20.25 as of 2020. Its highest value over the past 25 years was 21.73 in 1995, while its lowest value was 19.47 in 2009.
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.
Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.
See also:
| Year | Value |
|---|---|
| 1995 | 21.73 |
| 1996 | 21.72 |
| 1997 | 21.72 |
| 1998 | 21.72 |
| 1999 | 21.72 |
| 2000 | 21.72 |
| 2001 | 21.72 |
| 2002 | 21.72 |
| 2003 | 21.72 |
| 2005 | 21.10 |
| 2006 | 21.10 |
| 2008 | 21.10 |
| 2009 | 19.47 |
| 2010 | 19.47 |
| 2011 | 19.47 |
| 2013 | 19.47 |
| 2014 | 19.47 |
| 2015 | 20.08 |
| 2016 | 20.08 |
| 2020 | 20.25 |
Binding coverage, primary products (%)
Binding coverage, primary products (%) in Nigeria was 54.61 as of 2020. Its highest value over the past 25 years was 57.89 in 2003, while its lowest value was 53.90 in 2015.
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).
Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.
See also:
| Year | Value |
|---|---|
| 1995 | 57.19 |
| 1996 | 57.89 |
| 1997 | 57.89 |
| 1998 | 57.89 |
| 1999 | 57.89 |
| 2000 | 57.89 |
| 2001 | 57.89 |
| 2002 | 57.89 |
| 2003 | 57.89 |
| 2005 | 56.86 |
| 2006 | 56.86 |
| 2008 | 56.86 |
| 2009 | 55.91 |
| 2010 | 55.91 |
| 2011 | 55.91 |
| 2013 | 55.91 |
| 2014 | 55.91 |
| 2015 | 53.90 |
| 2016 | 53.90 |
| 2020 | 54.61 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Tariffs
