 ERIA provides intellectual contributions to East Asian Community building and serves as a Sherpa international organization.ERIA ranks 32nd among the world's "Top 85 International Economics Think Tanks" according to the 2016 Global Go To Think Tanks Index Report conducted by University of Pennsylvania.ERIA was established by a formal agreement among Leaders of 16 countries in the East Asian at the 3rd East Asia Summit in Singapore on 21 November 2007.