The dataset presents the latest available average tariffs of World Trade Organization (WTO) Members, covering bound tariffs, Most-Favoured-Nation (MFN) applied tariffs, and effectively applied tariffs. The data is organized as follows:
Members: A list of WTO member countries and territories.
Bound Tariffs:
- Simple Average: The average of the maximum tariff rates a member has committed to under WTO agreements.
- Binding Coverage (%): The percentage of tariff lines that are bound (i.e., with legal commitments) under WTO rules.
MFN Applied Tariffs:
- Year: The year to which the MFN applied tariff data corresponds.
- Simple Average: The average of applied tariff rates across all tariff lines.
- Trade Weighted Average* The average tariff rate weighted by the imports value of each product.
Effectively Applied Tariffs:
- Year: The year to which the effectively applied tariff data corresponds.
- Trade Weighted Average: The average tariff rate weighted by trade import value, reflecting the tariffs effectively faced by imported goods.