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

Bound rate, simple mean, all products (%) in Singapore was 6.89 as of 2020. Its highest value over the past 25 years was 12.63 in 2011, while its lowest value was 6.61 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:

Year Value
1995 6.62
1996 6.61
1997 6.61
1998 6.61
1999 6.61
2000 6.61
2001 6.61
2002 6.62
2003 6.62
2004 6.62
2005 6.62
2006 6.62
2007 12.25
2008 12.52
2009 12.46
2010 12.61
2011 12.63
2012 12.60
2013 12.38
2014 12.37
2015 6.88
2016 6.88
2017 6.88
2018 6.88
2019 6.89
2020 6.89

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs