European Union - Bound Rate, Simple Mean, All Products

Bound rate, simple mean, all products (%) in European Union was reported at 4.39 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. European Union - Bound rate, simple mean, all products - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2024.

European Union - Bound Rate, Simple Mean, All Products
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.

European Union | World Bank Development Indicators