Namibia - Bound Rate, Simple Mean, Primary Products

Bound rate, simple mean, primary products (%) in Namibia was reported at 27.54 % in 2021, according to the World Bank collection of development indicators, compiled from officially recognized sources. Namibia - Bound rate, simple mean, primary products - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2024.

Namibia - Bound Rate, Simple Mean, Primary 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. Primary products are commodities classified in SITC revision 3 sections 0-4 plus division 68 (nonferrous metals).

Namibia | World Bank Development Indicators