Overview
The product list for concession is classified under:

1.	Normal Track which is further divided into Normal Track 1 and 2
2.	Sensitive Track
3.	Highly Sensitive Track

ASEAN-Korea, similar to ASEAN-China adopts the tariff band reduction approach. Gradual tariff elimination is contingent upon the applied MFN rate. The tariff elimination schedule is different for ASEAN 6 & Korea, Vietnam, and the rest of the CLMV countries, Cambodia, Laos and Myanmar. The modality for tariff reduction and elimination can be found in Annex 1 of the Legal Text.

The Normal Track covers approximately 90% of all goods. For Normal Track 1, the tariffs will be eliminated by 1 January 2010 for ASEAN 6 and Korea. For Normal Track 2, the timeline involving the ASEAN 6 is 1 January 2012. Korea does not have any products under Normal Track 2.

Within the Sensitive track, the products are subdivided into two lists:

	Sensitive List (Annex 2: Appendix 1)
	Highly Sensitive List (Annex 2: Appendix 2)

For products placed in the Sensitive List, the ASEAN 6 and Korea are committed to reduce the tariff to not more than 20% by 1 Jan 2012 and subsequently reduce to between 0% to 5% by 1 Jan 2016.

For Products placed in Highly Sensitive List, the ASEAN 6 and Korea are committed to reduce the tariff according to the different Group:

Group A:	Tariff rate to be not more than 50% by 1 Jan 2016
Group B:	Tariff rate to be reduced by not less than 20% by 1 Jan 2016
Group C:	Tariff rate to be reduced by not less than 50% by 1 Jan 2016
Group D:	Application of tariff-rate quotas
Group E:	Products excluded from granting any concessions