Latin America & Caribbean (developing only) - Bound rate, simple mean, primary products (%)

Bound rate, simple mean, primary products (%) in Latin America & Caribbean (developing only) was at 51.3 % in 2012, according to the World Bank collection of development indicators, compiled from officially recognized sources.

 latin america and caribbean bound rate simple mean primary products percent wb data

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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).

Latin America & Caribbean (developing only) | Private Sector