Comprehensive Economic Partnership in East-Asia
The ERIA is tasked with reviewing the proposed Comprehensive Economic Partnership for East Asia or CEPEA, the Japanese proposed trade bloc involving the 16 nations of the East Asia Summit. It was decided at the Third East Asia Summit that the ERIA report on the Comprehensive Economic Partnership in East-Asia would be received at the Fourth East Asia Summit. The Fourth EAS was delayed for almost a year by reason of difficulties in the host nation Thailand.
With the subsequent change of government in Japan, and the discussion by the new administration of the East Asia Community the future of CEPEA is not yet clear.
Subsequently the Fourth East Asia Summit supported further development on trading groupings based around the 13 country ASEAN Plus Three and the 16 country East Asia Summit.
At the subsequent APEC conference Australia announced a million Australian dollars in funding to ERIA to support research into the 16 country bloc.
Read more about this topic: Economic Research Institute For ASEAN And East Asia
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