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Recent developments in the relationship between East Asian countries and prospects for further cooperation are discussed, together with analysis of the driving forces for proliferation of free trade areas (FTAs) and preferential trade arrangements(PTAs), as well as the different types of arrangements. The evolution of the key features of such economic cooperation agreements are outlined and the challenges and issues facing more extensive East Asian economic integration are reviewed. The paper concludes with recommendations for bringing about a viable, effective East Asian economic community that will benefi t member countries and contribute positively to global trade. [ABSTRACT FROM AUTHOR]