Earlier in Seoul on Saturday, the two leaders witnessed the signing and exchange of four more pacts in standards and conformance, manufacturing of pharmaceuticals, smart cities and cyber-cooperation.
Mr Lee also said it is timely to review and upgrade the Korea-Singapore Free Trade Agreement which came into force in 2006, given South Korea's New Southern Policy and the 45th anniversary of diplomatic relations between the two countries next year. Asean and South Korea too, he said, can deepen their cooperation by bolstering multilateralism and strengthening connectivity.
India announced earlier this month that it would stay out of the mega pact, amid concerns that it would hurt domestic producers.With tourist numbers hitting an all-time high of 11 million last year, Mr Lee said concluding an air services agreement between both sides would spur economic growth and people-to-people ties.
Using the acronym for North Korea's official name, the Democratic People's Republic of Korea , he said:"Even though Singapore was not involved in the negotiations, we were happy to have played a small part in the Korean peace process by providing the venue for the inaugural meeting between US President Donald Trump and DPRK leader Kim Jong Un.