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The paper here discusses the relation between the regional trade and the policy of liberalization. The ongoing debate between the economist and the impact of these policies on the economy of the nations will also be covered as Global versus regional integration is an essential issue of discussion. There has been a constant debate on whether the closed economies should open doors to other countries or just continue to work under the Regional Trade Agreements (RTAs). The Broader Global Trade Liberalization on the other hand opens the economy on trade and investment.