 ASEAN Plus Three, in establishing the Chiang Mai Initiative, has been credited as forming the basis for financial stability in Asia, the lack of such stability having contributed to the Asian Financial Crisis.Since the process began in 1997, ASEAN Plus Three has also focused on subjects other than finance such as the areas of food and energy security, financial co-operation, trade facilitation, disaster management, people-to-people contacts, narrowing the development gap, rural development and poverty alleviation, human trafficking, labour movement, communicable diseases, environment and sustainable development, and transnational crime, including counter-terrorism.With the aim of further strengthening the nations’ co-operation, East Asia Vision Group (EAVG) II was established at the 13th ASEAN Plus Three Summit on 29 October 2010 in Hanoi to stock-take, review, and identify the future direction of the co-operation.