Formic acid and a carboxylic acid having at least two carbon atoms and/or derivatives thereof are prepared jointly by a process in which

    • (a) a formic ester (I) is transesterified with a carboxylic acid having at least two carbon atoms (II) to form formic acid (III) and the corresponding carboxylic ester (IV); and
    • (b) at least part of the carboxylic ester (IV) formed in step (a) is carbonylated to give the corresponding carboxylic anhydride (V).
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