The New Southern Policy emphasizes the so-called "3P community," which stands for a community of People, Prosperity and Peace. The people-centered values stipulated in the ASEAN Constitution and the basic principles espoused by the current administration, which emphasizes that "people are first," are in line with the New Southern Policy in its pursuit of a people-centered community. In addition, in order to build a mutually prosperous community, the Korean government is seeking greater regional trade and common prosperity through revision of the FTAAP and Comprehensive Economic Partnership Agreement (CEPA). Finally, the New Southern Policy aims toward a community of peace.