Sartomer Approved the First Certificate of Origin and Declaration of Origin under RCEP

On January 1, 2022, the Regional Comprehensive Economic Partnership (RCEP) came into force
.
Sartomer (Guangzhou) Chemical Co.
, Ltd.
, a subsidiary of Arkema Group, was awarded the first certificate of origin under RCEP in Guangdong Province, China, and became the first batch of approved exporters recognized by Guangzhou Customs District and signed the first certificate of origin.
Declaration of origin under RCEP
.
With this RCEP certificate of origin, chemical products produced by Sartomer will enjoy preferential tariff treatment when exported to RCEP countries, and some products to Japan will enjoy zero tariff preferential treatment, which will significantly reduce import and export costs and enhance the market competitiveness of export products.

.

Sartomer (Guangzhou) Chemical Co.
, Ltd.
obtained the first certificate of origin under RCEP in Guangdong

Liu Bin, President of Arkema Coating Additives Asia Pacific, said: "The implementation of the RCEP policy, on the one hand, can reduce import tariffs, thereby reducing the production and manufacturing costs of enterprises, especially the cost pressure caused by the import of high-performance products from international sources.
On the other hand, RCEP has also effectively reduced the import cost of customers in the RCEP region, further improving the export competitiveness of local products, and forming a virtuous circle, which will help companies develop international markets
.
”

In recent years, with the growing demand for sustainable high-performance solutions driven by global megatrends, Arkema has continued to leverage its strong sustainable innovation momentum and has gradually transformed itself into a pure-play specialty materials manufacturer through a series of production expansion and targeted acquisition plans.

.
Just this past December, the group announced a new investment project to double the production capacity of UV-curable resins at its Nansha plant of Sartomer (Guangzhou) Chemical Co.
,
Ltd.
This expansion will support the rapidly growing demand in Asia for solutions in the electronics sector driven by 5G technology and in the renewable energy sector
.

With the implementation of the RCEP policy in January, the two-way opening of imports and exports has promoted regional economic cooperation between Asian countries, especially East Asian countries.
The downstream acrylic business also enables Arkema to further develop its high-performance solvent-free UV light curing solutions
.

For the new capacity, in addition to adopting the latest processes and manufacturing standards, the Nansha plant plans to achieve carbon-neutral growth through energy efficiency programs, green power procurement, and installation of solar panels
.

The new expansion is scheduled to start production in the second half of 2023 and will provide Asian customers with the best regional supply
.

RCEP was initiated by ten ASEAN countries in 2012 and invited China, Japan, South Korea, Australia and New Zealand to participate ("10+5").
US$5.
2 trillion, accounting for about 30% of the global total.
It is the free trade agreement with the largest participating population, the most diverse membership structure and the greatest development potential in the world
.
Establish a 15-country single market free trade agreement by reducing tariff and non-tariff barriers
.
After eight years of negotiation, RCEP was officially signed on November 15, 2020, marking the official launch of the world's largest free trade zone with the largest participating population, the most diverse membership structure and the greatest development potential
.

According to the provisions of the agreement, at present, 6 ASEAN member states and 4 non-ASEAN member states have formally submitted approval letters, reaching the threshold for the agreement to enter into force
.
On January 1, 2022, the RCEP will enter into force for the 10 countries that have formally submitted their approval instruments
.