This is a research report on East Asian FTA (EAFTA) done bythe study group chaired by me. The research started from March of2004 and was jointly projected by Institute of Asia-Pacific Studies, Chi-nese Academy of Social Sciences (IAPS, CASS) and Institute of De-veloping Economies of Japan External Trade Organization (IDE-JETRO). Each side organized its own research team and conductedindependent study but with the close consultation and cooperation be-tween the two sides.

Ⅰ Overview

 Ⅰ-1 Rationale for PTA

 Ⅰ-2 East Asian Economic Convergence

 Ⅰ-3 Current Status

 Ⅰ-4 Need an Integrated Approach

Ⅱ Foundation and Rationales of EAFTA

 Ⅱ-1 East Asian Economic Integration

 Ⅱ-2 FDI and Its Impact on Regional Trade

 Ⅱ-3 The Role of FTA on Regional Economic Integration

Ⅲ EAFTA: Simulation Result

 Ⅲ-1 Introduction

 Ⅲ-2 The Welfare Impact of CAFTA: A Benchmark

 Ⅲ-3 Scenarios for Choice

 Ⅲ-4 EAFTA: Viewing from Sectors

 Ⅲ-5 Northeast Asian FTA

 Ⅲ-6 Conclusion

Ⅳ Road Map to EAFTA

 Ⅳ-1 Current Status and Difficulties

 Ⅳ-2 The Road Map of EAFTA

 Ⅳ-3 China and Japan in EAFTA

Ⅴ China's Participation

 Ⅴ-1 Comparing the Competitiveness

 Ⅴ-2 New Challenges

Ⅵ Conclusion and Recommendations

 Ⅵ-1 Policy Setting One: How to Do?

 Ⅵ-2 Policy Setting Two: Who are the Members?

 Ⅵ-3 Policy Setting Three: What Model Should be Followed?

Appendix: Business Survey on EAFTA

  Ⅰ. About the Survey

  Ⅱ. Business Attitudes to EAFTA

  Ⅲ. Conclusion Remarks

EAFTA Study Group Members