Luxi Group was selected as a RCEP best practice case

In the recently held "Collaborative Innovation At the RCEP International Forum, CCPIT announced the list
of winners of the best practice cases of the National Trade Promotion System in the Regional Comprehensive Economic Partnership (RCEP).
Luxi Group was awarded
as a RCEP best practice case.

At the forum, Wang Yanji, Deputy General Manager of Luxi Group, shared the good practices
of Luxi Group in promoting the development of foreign trade with the theme of "RCEP Helps the Growth of Luxi Foreign Trade Business".

Wang Yanji introduced that Luxi Group is a listed enterprise of Sinochem Holdings and a large-scale comprehensive chemical enterprise group, with total assets of 33.
5 billion yuan and products exported to more than 110 countries and regions
.
Among them, the RCEP region is the key area of Luxi Group's export products, and the export trade volume accounts for more than
40% of the group's total export trade.
Thanks to RCEP, the tariff on the export of its flagship products formic acid and sodium formate to Japan was the largest, directly reduced from 4.
3% to 0
.
In 2022, exports of the two products to Japan increased by 54% and 40%
year-on-year, respectively.
In addition, after the implementation of RCEP, the export tariff of hexafluoropropylene was reduced at a rate of 0.
3% per year, and the enthusiasm of Japanese customers for procurement increased significantly
.

Wang Yanji introduced that the preferential policy of RCEP has become the advantage of Luxi Group to compete with global chemical giants on the same stage, and has achieved mutual benefit and win-win development
with international customers.
Luxi Group will deeply participate in the global industrial chain and supply chain layout to build a high-end chemical brand
with global influence.