Emerging New East Asian Regionalism

East Asian regionalism is emerging starting with a process of “ASEAN plus three” cooperation and moving to a final East Asian Community. The foundation of East Asian regionalism lies in increasing regional common or shared interests. The significance of East Asian cooperation and integration is its developing process. “10 + 3” framework is not just an economic cooperation process but also has political significance. The process of East Asian cooperation plays a dual role in community building: reconciliation among the countries, and cultivation of each member itself. The major role of regional institutional building is peace making through cooperation under a regional framework. The cooperation between China and Japan is crucial for East Asian Community building.