Bound Rate
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Bound Rate

A tariff, expressed as a percentage of the value of an import, that a country has agreed to levy on goods from another country. The tariff may not rise above the bound rate as long as the relevant treaty remains in force. It is also called a bound tariff or tariff binding. See also: World Trade Organization.

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Bound Rate (redirected from Bound Tariffs)

Bound Rate
(redirected from Bound Tariffs)