PM Wong also warned of further crises in the future, which is why Asean and its partners should work on building collective resilience to future shocks. So, it is significant that we are further improving on the ACFTA,” said PM Wong, referring to Asean’s trade with China. Meanwhile, Asean and South Korea boosted ties by upgrading their dialogue relations to that of a Comprehensive Strategic Partnership (CSP). Before this, Asean had only established CSPs with Australia, China, India, Japan and the US, with that being considered the highest level of bilateral ties between Asean and its dialogue partners. The East Asia Summit, which was established in Asean in 2005, brings together Asean member states as well as its eight key partners, Australia, China, India, Japan, New Zealand, South Korea, Russia and the US.
