Trinidad and Tobago - Tariff rate, applied, simple mean, primary products (%)

Tariff rate, applied, simple mean, primary products (%) in Trinidad and Tobago was 17.40 as of 2013. Its highest value over the past 22 years was 28.03 in 1999, while its lowest value was 15.05 in 2002.

Definition: Simple mean applied tariff is the unweighted average of effectively applied rates for all products subject to tariffs calculated for all traded goods. Data are classified using the Harmonized System of trade at the six- or eight-digit level. Tariff line data were matched to Standard International Trade Classification (SITC) revision 3 codes to define commodity groups. Effectively applied tariff rates at the six- and eight-digit product level are averaged for products in each commodity group. When the effectively applied rate is unavailable, the most favored nation rate is used instead. To the extent possible, specific rates have been converted to their ad valorem equivalent rates and have been included in the calculation of simple mean tariffs. 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 United Nations Conference on Trade and Development's Trade Analysis and Information System (TRAINS) database and the World Trade Organization’s (WTO) Integrate

See also:

Year Value
1991 26.14
1992 27.95
1996 18.23
1999 28.03
2001 17.97
2002 15.05
2003 15.59
2004 19.73
2005 18.91
2006 17.19
2007 17.13
2008 17.09
2010 20.09
2011 20.10
2012 17.69
2013 17.40

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs