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

Bound rate, simple mean, all products (%) in Latin America & Caribbean (developing only) was reported at 41.79 % in 2012, according to the World Bank collection of development indicators, compiled from officially recognized sources.

 latin america and caribbean bound rate simple mean all 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.

Latin America & Caribbean (developing only) | Private Sector