Nigeria - Binding coverage, primary products (%)

Binding coverage, primary products (%) in Nigeria was 54.61 as of 2020. Its highest value over the past 25 years was 57.89 in 2003, while its lowest value was 53.90 in 2015.

Definition: Binding coverage is the percentage of product lines with an agreed bound rate. 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).

Source: World Bank staff estimates using the World Integrated Trade Solution system, based on data from World Trade Organization.

See also:

Year Value
1995 57.19
1996 57.89
1997 57.89
1998 57.89
1999 57.89
2000 57.89
2001 57.89
2002 57.89
2003 57.89
2005 56.86
2006 56.86
2008 56.86
2009 55.91
2010 55.91
2011 55.91
2013 55.91
2014 55.91
2015 53.90
2016 53.90
2020 54.61

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Tariffs