ASEAN+3

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ASEAN+3

An international forum for the members of the Association of Southeast Asian Nations along with China, Japan, and South Korea. Its first meeting occurred in 1997 but it was not established formally until 1999. It is noted for proposing the Asian currency unit, an accounting currency that would (if implemented) rationalize exchange rates among participating currencies to promote financial stability.
References in periodicals archive ?
On this note, the Philippines reiterates the primacy of the rule of law, said Aquino at the Asean Plus 3 meeting at the Kuala Lumpur Convention Center.
Although this event was held back-to-back with the ASEAN Summit and the ASEAN Plus 3 Summit, hence reducing the historical significance of the EAS as a standalone diplomatic event, its immediate strategic importance was not lost on the various countries that attended the EAS or observed its outcomes.
ASEAN Plus 3 or ASEAN Plus 6: Quo Vadis, East Asian Summit?
4) In other words, should the East Asian community, which is based on a motley collection of member states that want to be a part of EAS, be first based on ASEAN plus 3 or ASEAN Plus 6?
ASEAN Plus 3 traces its beginnings to 1997 when all thirteen countries decided to consult with one another to deal with the Asian financial crisis.
In other words, statistics are showing that East Asian economy, comprising ASEAN Plus 3, India, Australia and New Zealand too, will be the locomotive of economic growth.
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