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East Asia Economic Caucus
The East Asia Economic Caucus (EAEC) or East Asia Economic Group (EAEG) was a regional free trade zone (FTA) proposed in 1990 by former Malaysian Prime Minister Dr. Mahathir bin Mohamad and encompasses the Association of Southeast Asian Nations (ASEAN) member states, China, South Korea and Japan. Japan though refused participation due to the exclusion of the Western nations, which were already members of APEC and many other notable regional organizations in East Asia.
The EAEC was a reaction to ASEAN's integration into the Asia-Pacific Economic Cooperation (APEC) by Dr. Mahathir, who is known for his strong Asian standpoint. His suggestion apparently articulated his dissatisfaction with ASEAN joining APEC, which includes Western nations, an idea he was strongly opposed to. Therefore EAEC was basically an APEC without North America and Australia. Nevertheless, it was never put into action officially. Recently the ASEAN+3 rounds might be called the successor of EAEC, which prompted Malaysia to state that EAEC was a reality. In 2005, due to Japan's support of the agreement, ASEAN Plus Three(ASEAN+3 or APT)agreed to include Australia, New Zealand, and India during the East Asia Summit.
== Origin ==
When the Uruguay Round of discussions to create more liberalized world trade was aborted in autumn 1990, the former Malaysian Prime Minister Dr. Mahathir Bin Mohamed attempted to create such a trade union in East Asia which was a much debated〔http://web.archive.org/web/20030522002255/http://www.politik.uni-trier.de/forschung/coll_1.pdf|lang_de|lang_en|lang_no|lang_sv|lang_tr «Vom East Asian Economic Caucus (EAEC) zu ASEAN-Plus-Three» by ''Markus Hund'' und ''Nuria Okfen'', 1999〕 approach to institutionalizing regional East Asian cooperation structures.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
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