Liberalization of trade barriers was a global phenomenon that has brought economic wealth across nations. Continuous studies and motivation is being dedicated for multilateral agreements and ways to advance trade liberalization. So far, we have clearly seen the benefits such as economic wealth, increase in foreign affairs, sharing of intellectual properties, and many other prosperities.

However, aside from the global momentum in favor of trade liberalization, many suspect the sustainability of economic cooperation and incline towards diminishing trade barriers. The worrisome situation of the recent global trend had led many countries to decent into trade protectionism and neo-isolationism.