BEIJING, July 13 (Xinhuanet) -- Yinchuan Comprehensive Bonded Zone held a signing ceremony on April 15 for this year’s first batch of 12 projects to enter.

Having a total investment of 1 bln yuan, the 12 projects cover sectors of cashmere textile, electronic processing, halal food, etc..

Since it operated two years ago, the zone has seized the opportunity of national Opening-up the West strategy to actively integrate into the implementation of the “Belt and Road” Initiative and further improve its open economy.

Many major projects have been introduced into the zone, such as Gold jewelry cultural industry park, Yifeng wine industrial park, Aussie Muslim beef and mutton project, Ruyi spinning project.

In 2104, the zone achieved an import and export trade volume of 1.73 bln U.S. dollars.

Implementing policies on inland open economy and project construction, the zone has attracted 115 export-orientated enterprises so far.

The 12 new projects are highly export-orientated and are in line of national industrial policy, meeting requirements from home and the Arab market.

They will promote the zone and contribute to Ningxia’s goal of broad, deep foreign economic cooperation.