Australia - Bound rate, simple mean, manufactured products

Bound rate, simple mean, manufactured products (%) in Australia was reported at 12.31 % in 2015, according to the World Bank collection of development indicators, compiled from officially recognized sources.



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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. Manufactured products are commodities classified in SITC revision 3 sections 5-8 excluding division 68.


Australia | Private Sector