Binding coverage; all products (%) in the United Arab Emirates

The Binding coverage; all products (%) in the United Arab Emirates was 100.00 in 2009, according to a World Bank report, published in 2010. The Binding coverage; all products (%) in the United Arab Emirates was reported at 100.00 in 2008, according to the World Bank. 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.This page includes a historical data chart, news and forecasts for Binding coverage; all products (%) in the United Arab Emirates. The United Arab Emirates has an open economy with a high per capita income and a sizable annual trade surplus. Successful efforts at economic diversification have reduced the portion of GDP based on oil and gas output to 25%. Since the discovery of oil in the UAE more than 30 years ago, the UAE has undergone a profound transformation from an impoverished region of small desert principalities to a modern state with a high standard of living.

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