Barbados BB: Bound Rate: Simple Mean: Primary Products

Barbados BB: Bound Rate: Simple Mean: Primary Products data was reported at 97.170 % in 2022. This stayed constant from the previous number of 97.170 % for 2021. Barbados BB: Bound Rate: Simple Mean: Primary Products data is updated yearly, averaging 95.850 % from Dec 1996 (Median) to 2022, with 16 observations. The data reached an all-time high of 97.190 % in 2020 and a record low of 95.250 % in 1996. Barbados BB: Bound Rate: Simple Mean: Primary Products data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Barbados – Table BB.World Bank.WDI: Trade Tariffs. 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).;World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.;;The tariff data for the European Union (EU) apply to EU Member States in alignment with the EU membership for the respective countries/economies and years. In the context of the tariff data, the EU membership for a given country/economy and year is defined for the entire year during which the country/economy was a member of the EU (irrespective of the date of accession to or withdrawal from the EU within a given year). The tariff data for the EU are, thus, applicable to Belgium, France, Germany, Italy, Luxembourg, and the Netherlands (EU Member State(s) since 1958), Denmark and Ireland (EU Member State(s) since 1973), the United Kingdom (EU Member State(s) from 1973 until 2020), Greece (EU Member State(s) since 1981), Spain and Portugal (EU Member State(s) since 1986), Austria, Finland, and Sweden (EU Member State(s) since 1995), Czech Republic, Estonia, Cyprus, Latvia, Lithuania, Hungary, Malta, Poland, Slovakia, and Slovenia (EU Member State(s) since 2004), Romania and Bulgaria (EU Member State(s) since 2007), Croatia (EU Member State(s) since 2013). For more information, please revisit the technical note on bilateral applied tariff (https://wits.worldbank.org/Bilateral-Tariff-Technical-Note.html).

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