Workers make shoe insoles at a factory in Zibo, eastern Shandong province, on November 27. The unified rules of origin in the Regional Comprehensive Economic Partnership provide preferential treatment to components sourced within the bloc, encouraging members to share supply chains and keep manufacturing capacity in Asia. Photo: Xinhua Workers make shoe insoles at a factory in Zibo, eastern Shandong province, on November 27. The unified rules of origin in the Regional Comprehensive Economic Partnership provide preferential treatment to components sourced within the bloc, encouraging members to share supply chains and keep manufacturing capacity in Asia. Photo: Xinhua
Workers make shoe insoles at a factory in Zibo, eastern Shandong province, on November 27. The unified rules of origin in the Regional Comprehensive Economic Partnership provide preferential treatment to components sourced within the bloc, encouraging members to share supply chains and keep manufacturing capacity in Asia. Photo: Xinhua
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

How RCEP will boost Asian integration in trade, supply chains and strategic ties

  • RCEP represents the most significant, ambitious regional trade deal for decades, with medium- and long-term benefits
  • Strengthened economic ties and standard alignments will help ensure China’s lost supply chain stays in Asia – to the benefit of members and the detriment of India

Workers make shoe insoles at a factory in Zibo, eastern Shandong province, on November 27. The unified rules of origin in the Regional Comprehensive Economic Partnership provide preferential treatment to components sourced within the bloc, encouraging members to share supply chains and keep manufacturing capacity in Asia. Photo: Xinhua Workers make shoe insoles at a factory in Zibo, eastern Shandong province, on November 27. The unified rules of origin in the Regional Comprehensive Economic Partnership provide preferential treatment to components sourced within the bloc, encouraging members to share supply chains and keep manufacturing capacity in Asia. Photo: Xinhua
Workers make shoe insoles at a factory in Zibo, eastern Shandong province, on November 27. The unified rules of origin in the Regional Comprehensive Economic Partnership provide preferential treatment to components sourced within the bloc, encouraging members to share supply chains and keep manufacturing capacity in Asia. Photo: Xinhua
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Aidan Yao

Aidan Yao

Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.