 The ASEAN Plus Three is the latest development of Southeast Asia-East Asia regional co-operation.In the past, proposals, such as South Korea's call for an Asian Common Market in 1970 and Japan's 1988 suggestion for an Asian Network, have been made to bring closer regional co-operation.The first leaders' meetings were held in 1996 and 1997 to deal with Asia–Europe Meeting issues, and China and Japan each wanted regular summit meetings with ASEAN members afterwards.