In the era of globalization, complex interdependence has never been more relevant in the international community. However, there are security challenges that must be addressed to maintain peace and stability. As China becomes a major player in global politics, as Russia has annexed Crimea, as tensions in the South China Sea and East China Sea rise due to overlapping territorial claims, as conflict in the Middle East remains a challenge , as the United States prioritizes its rebalance towards Asia and as non-traditional security threats such as terrorism, environmental security, piracy, illicit drug trafficking etc. have become imperative concerns, the security dilemma has been prevalent more than ever. To maintain peace and stability, diplomacy and collective security must take their course. Multilateral and bilateral cooperation should serve as an avenue to serve the best interest of all stakeholders. Currently, several regional organizations are formulating mechanisms to foster cooperation and resolve various disputes among stakeholders. The Ass...