India’s ministry of commerce and industry has issued a notification making some changes in ITC HS codes to sync with Finance Act, 2022. The government had proposed these changes in Union Budget 2022-23. HS codes related to yarn, fibre, garments and some other goods are amended. GI patented Lucknow chikan craft will be now referred to as embroidery. The government made changes in textiles sector’s most important chapter 62 which covers cotton garments. Changes have also been made under HS codes 54 (polyester), 55 wood fibre (viscose), 56 man-made filaments, 58 cotton embroidery, 59 (geo-technical textile- knitted or woven) and 60 synthetic fibres. The Harmonised Commodity Description and Coding System generally referred to as ‘Harmonised System’ or simply ‘HS’ is a multipurpose international product nomenclature developed by the World Customs Organisation (WCO). These are 6-digit codes which cannot be altered unilaterally by any country. But the 8-digit code (after adding 2 digits at the end) can be changed. In India, the 8-digit codes known as ITC (HS) code/Indian Trade Classification/ Indian Tariff Code are developed and maintained by the Directorate General of Foreign Trade. The ministry had issued the notification last week for syncing of ITC (HS), 2022- Schedule-1 (Import policy) with the Finance Act, 2022. The notification to introduce, delete, amend, split or merge ITC (HS) codes has come into effect immediately
Source: Fibre 2 Fashion
Synopsis The order takes immediate effect and the mechanism is designed to "promote growth of global trade with emphasis on exports," RBI said. Kolkata/Mumbai: The Reserve Bank ofIndia (RBI) on Monday allowed invoicing and payments for international trade in rupees, potentially facilitating greater bilateral business with Russia that is facing a wide range of Western sanctions and is virtually cut off from standard cross-border payment platforms. This is aimed at promoting “the growth of global trade with emphasis on exports from India and to support the increasing interest of the global trading community in INR,” the RBI said. To be sure, India’s widening trade gap has also caused the rupee to lately slide to lifetime lows against the US dollar, exacerbating the threat of imported inflation in a country that relies on overseas shipments for meeting nearly four-fifths of its annual motor-fuel demand. A greater global trade share for the rupee will help the central bank preserve its foreign exchange stockpile, dealers said. Before putting in place this mechanism, authorized banks will require prior approval from the central bank. "The international trade settlement in rupees will provide a solution to such transactions with countries like Russia that are out of the SWIFT system," said Madan Sabnavis, chief economist, Bank of Baroda. “This will promote trade, especially imports, for India. The critical part will, however, be the determination of the exchange rate that will be decided by the market." For settlement of trade transactions with any country, banks in India may open Special Rupee Vostro Accounts of correspondent banks of the partner trading country. ET in its edition dated June 19 first reported that the RBI would come out with an operational circular to ensure crossborder trades involving the local monetary unit. The rupee surplus balance held may be used for permissible capital and current account transactions in accordance with mutual agreement. The balance in special vostro accounts can be used for payments for projects and investments and for export or import advance flow management. "International trade settlement in INR, be it with Russia or any other country, will be another frontier in our independence in foreign policy," said Joydeep Sen, a Mumbai-based former foreign banker. “India is rightfully resisting the vested interests of the US and Europe with regard to our foreign policy and trade." Also, such trade will fall out of the ambit of forex movement and will benefit India at a time when forex reserves are "The RBI move could help narrow the trade deficit as New Delhi can now increase the share of Russian oil purchases at a discounted price," said Anindya Banerjee, currency analyst, Kotak Securities. Indian traders using this mechanism will make payments in rupees, which will be credited or debited into the special vostro accounts of the correspondent bank of the partner country against the invoices for the supply of goods or services. The balance in the special vostro accounts can be used for payments for projects and investments, investment in treasury bills, government securities, RBI said.
Source: Economic Times
The impending recessionary pressure in the US and Europe are forcing global brands to negotiate hard with Indian exporters, who have now started looking at other countries like Japan, Australia and Latin America for developing new markets for Indian apparels. Global apparel brands are negotiating hard with Indian exporters as cotton prices have fallen 15% and rupee has depreciated against the dollar favouring the latter. They have asked Indian apparel exporters to supply garments at the pre-covid level prices. The impending recessionary pressure in the US and Europe are forcing global brands to negotiate hard with Indian exporters, who have now started looking at other countries like Japan, Australia and Latin America for developing new markets for Indian apparels. "Cotton prices have dropped by 15% from the high of Rs 1 lakh per candy (356 kg). It will fall further in the coming weeks," said Narendra Goenka, chairman, Apparel Export Promotion Council (AEPC). But the drop in cotton prices have prompted global brands to initiate hard negotiation in the price front. Raja M Shanmugham, president, Tirupur Exporters Association (TEA) said "Global buyers now want garments at the pre-covid prices. For instance, the price of a product which we have sold at $7 this year due to high cotton prices, they are now asking to offer it at $5 - the price at which we had sold in pre-covid times." Since rupee has depreciated against dollar, foreign buyers are driving hard bargains to lower the prices of garments. On account of rising dollar index and economic worries, rupee weakened to a fresh record low of 79.41 against the US dollar on Monday as investors continue to favour greenback as safe haven bet. In early morning deals, at the interbank foreign exchange, Indian rupee opened lower at 79.30 and went on to slide further, breaching its previous record low of 79.37 levels. "Despite rupee weakening, we cannot give such a huge discount because cotton prices have not come down to the 2019 level. At best, we can offer a price which is 15% lesser than what we are offering now," said the TEA president. The AEPC chairman said the recessionary trend in the US and Europe will impact the orders for Spring 2023 that are manufactured and shipped between October to March. "We are expecting a decline of export orders up to 10 per cent for the Spring 2023, which will impact our second half of current financial year," said Goenka. This means that the projected garment exports for FY23 of $19 billon will be missed. In FY22, India had exported garments worth $16 billion. "We are now looking at newer markets like Japan, Latin America and Australia to make up the expected losses," the AEPC chairman added.
Source: Economic Times
Federation of Indian Chambers of Commerce and Industry (FICCI), with the support of Ministry of Commerce & Industry, Government of India is organizing INDIA PAVILION at the Apparel Textile Sourcing-Canada from 22-24 August 2022 at Toronto Congress Center, Toronto. Apparel Textile Sourcing Canada is the only major international trade show in Canada that brings Canadian buyers and sourcing professionals’ access to suppliers from all over the world. ATSC brings retailers, wholesalers, and online / e-commerce resellers to contract manufacturers in dozens of product categories, and it is a premier destination to meet international apparel, textile, home textile & decor, fashion and fabric manufacturers and leaders. Meet apparel & fabric buyers, sourcing directors, designers, merchandisers, retail chains, department stores, and more. ATSC is the only international sourcing event focused on the Canadian and North American Apparel, Textile, and Fashion sectors. Product Profile: Fashion Accessories, Men & Women Apparels, Garments, Children Apparels, Intimate wear, Denim, Home Textile & Decor, Bedding & Bath, Leather & Footwear, Apparel Fabrics & Yarn, Shawls, Scarves, Knits, Cotton, Garment Accessories and many more.
Source: Krishi Jagran
British Prime Minister Boris Johnson announced his resignation as Conservative Party leader following an unprecedented mutiny from within his Cabinet and after being abandoned by his close allies in the wake of a series of scandals that rocked his government, triggering a leadership election for a new Tory leader who will go on to become his successor. There are no indications about the effect of the recent political developments in Britain on the ongoing negotiations for a proposed free trade agreement between the two countries, Commerce and Industry Minister Piyush Goyal has said. On July 7, British Prime Minister Boris Johnson announced his resignation as Conservative Party leader following an unprecedented mutiny from within his Cabinet and after being abandoned by his close allies in the wake of a series of scandals that rocked his government, triggering a leadership election for a new Tory leader who will go on to become his successor. In January, both countries formally launched talks for a free trade agreement to boost bilateral trade and investments. In such pacts, two countries either eliminate or significantly reduce customs duties on the maximum number of goods traded between them besides easing norms for promoting investments and services trade. "It (political developments in the UK) has happened very recently, and we have not received any indications of that sort. But since the Conservative Party is still going to be in the government and normally in relation to international engagements, government's have continuity. So, I do not see any immediate problem and I have not heard of any reason, which may affect the strong bilateral partnership between India and UK," Goyal told PTI. He was replying to a question about whether the resignation of the UK's prime minister is going to affect the ongoing negotiations for the India-UK trade deal. The talks are at an advanced stage, and both sides have agreed on many chapters of the proposed pact. When asked about meeting the deadline of concluding talks by Diwali, the minister said FTA negotiations are "very" complex affairs and involve a lot of careful assessment of different elements. "We will put in our best effort to meet these very challenging deadlines," he added. In April, Prime Minister Narendra Modi and his UK counterpart Boris Johnson had set the deadline for Diwali for the negotiating teams to conclude the FTA talks. Diwali falls on October 24 this year. The UK is also a key investor in India. New Delhi has attracted foreign direct investment of USD 1.64 billion in 2021-22. The figure was about USD 32 billion between April 2000 and March 2022.
India's main exports to the UK include ready-made garments and textiles, gems and jewellery, engineering goods, petroleum and petrochemical products, transport equipment and parts, spices, metal products, machinery and instruments, pharma and marine items. Major imports include precious and semi-precious stones, ores and metal scraps, engineering goods, professional instruments, non-ferrous metals, chemicals and machinery. In the services sector, the UK is one of the largest markets in Europe for Indian IT services. The bilateral trade has increased to USD 17.5 billion in 2021-22 compared to USD 13.2 billion in 2020-21. India's exports stood at USD 10.5 billion in 2021-22, while imports were USD 7 billion.
Source: Economic Times
Synopsis Indian exports are likely to register a "reasonable level" of growth in the current financial year despite the global uncertainties on the trade front, said Piyush Goyal. The country's exports are likely to register a "reasonable level" of growth in the current financial year despite the global uncertainties on the trade front, Commerce and Industry Minister Piyush Goyal has said. Clearly, there are signs of a global slowdown in international trade and India is keeping a "watchful" eye on the developments by talking to all the export promotion councils and large exporters, and engaging with the Indian missions abroad, he said. In the current global situation, "our exports will stand on the basis of price competitiveness and quality…We will calibrate the expectations of exports based on the ground reality," the minister told PTI. When asked if figures like USD 450 billion or USD 500 billion worth of goods exports in 2022-23 look ambitious in this situation, he said the ministry has not yet come to any final figure or an export target for the current year, and it is in consultations with all the stakeholders on that. "The whole world is facing severe challenges, Covid is not yet over…There is a geopolitical situation, which is not conducive, inflation worldwide is (a matter) of concern, petroleum products are still at high prices, food security concerns also are before us, and fertiliser shortages in many parts of the world are reported. "In these challenging times, the fact that India prepared itself structurally and strengthened our basic readiness and capability to expand exports….Therefore a reasonable level of growth from last year can still be expected," Goyal said. India's merchandise exports in June rose by 16.78 per cent year-on-year to USD 37.94 billion while the trade deficit ballooned to a new high of USD 25.63 billion on account of a steep increase in gold and crude oil imports, as per the government's preliminary data. The export growth in June moderated from 20.55 per cent in May and 48.34 per cent in June 2021. In 2021-22, the country's merchandise and services exports touched USD 420 billion and USD 254 billion, respectively. Commenting on the new foreign trade policy (FTP), Goyal said the ministry is collecting inputs from all quarters to release a "robust" policy. Due to the uncertainties all over the world and international trade, the ministry has extended the existing policy till September this year. decriminalizing existing laws, developing districts as export hubs, promoting our traditional areas where we are strong like textiles, pharmaceuticals, marine products, other Agri produce, handicrafts and handlooms, and leather goods, and we feel that the demand for these products will be robust in the long run," the minister said. The role of states, particularly districts, is crucial to promote India's outbound shipments. The government is supporting aspirational districts and northeastern states, and also identifying the unique products of each district that can be promoted both in India and worldwide, he noted. On ways to scale those products for export purposes, he said the government can hand hold those products by providing better testing facilities, brand building, and creating awareness in the world through Indian missions abroad. "We are also looking at (extending) support of infrastructure, which is relevant to these products," Goyal said. On the proposal to restructure the commerce ministry, as the government is looking at taking the goods and services exports to USD 2 trillion by 2030, he said the ministry has been working for the past few months to design it on a more forward-looking pattern where trade promotion for goods and services becomes an integral part of its activities. "The commerce ministry structure was something which must have been decided many decades ago and it continues in that fashion…For the development of the nation, international trade is very important. In this situation, we believe that the entire functioning of the commerce ministry needs to be made more contemporary," the minister said. The process has started in a small way but major change can only be done after holding more discussions with other ministries, industry and exporters, he added. On valuation of the rupee vis-a-vis the US dollar, he said the domestic currency today has not depreciated against the USD as much as most other currencies have. "So, if you look at a relative depreciation, the rupee has actually strengthened in comparison to many currencies of the world. This is the strength of the Indian economy," the minister said.
Source: Economic Times
Iyer, a 1981-batch IAS officer of Uttar Pradesh cadre, spearheaded the government's Swachh Bharat Mission to eradicate open defecation by constructing over 90 mn toilets in rural India Parameswaran Iyer, who had spearheaded the implementation of the flagship USD 20 billion Swachh Bharat Mission, on Monday took charge as the CEO of NITI Aayog. A 1981-batch IAS officer of Uttar Pradesh cadre, Iyer has worked with both the public and private sectors, according to an official statement. He was secretary in the Ministry of Drinking Water and Sanitation during 201620. "With over 25 years of experience in the water and sanitation sector, Iyer spearheaded the implementation of the India's flagship USD 20 billion Swachh Bharat Mission, which successfully delivered access to safe sanitation to 550 million people," the statement said. In the statement, Iyer said he was honoured and humbled to have been given the incredible opportunity to serve the country again, this time as NITI Aayog CEO. Iyer also said that he was deeply grateful to Prime Minister Narendra Modi for another chance to work under his leadership towards a transformed India.
Source: Business Standard
The import of textiles and apparel by the US continues to grow at high rate and rose by 31.59 per cent to $54.859 billion in the first five months of 2022, compared to $41.688 billion in the same period of 2021. With 27.01 per cent share China continues to be the largest supplier of textiles and clothing to the US, followed by Vietnam with 13.74 per cent. Apparel constituted the bulk of textiles and garments imports by the US in January-May 2022, and were valued at $40.939 billion, while non-apparel imports accounted for $13.920 billion, according to the latest Major Shippers Report, released by the US department of commerce. Segment-wise, among the top 10 apparel suppliers to the US, imports from Indonesia and Bangladesh shot up by 59.75 per cent and 59.06 per cent year-on-year respectively. Imports from Pakistan and India too grew at 56.49 per cent and 55.06 per cent respectively. The imports from Honduras, which is also among the top 10 suppliers, registered a growth of 31.18 per cent compared to the same period of the previous year. In the non-apparel category, among the top 10 suppliers, imports from Cambodia soared by 66.88 per cent year-on-year. Imports from Vietnam and Italy too climbed 31.05 per cent and 29.91 per cent respectively. On the other hand, imports from Turkey dipped by 9.38 per cent. Of the total US textile and apparel imports of $54.859 billion during the period under review, man-made fibre products were worth $27.534 billion, while cotton products accounted for $24.521 billion, followed by $1.510 billion of products from silk and vegetable fibres, and $1.294 billion of wool products. In 2020, the US textile and apparel imports had decreased sharply, mainly on account of the COVID-19 pandemic induced disruption, to $89.596 billion compared to imports of $111.033 billion in 2019. But imports rebounded again in 2021 to surpass pre-pandemic level and ended at $113.938 billion. The latest import figures indicate that US economy is witnessing fast recovery, and the world’s largest economy is continuing to support economic recovery in developing countries.
Source: Fibre 2 Fashion
After finding out that the Chinese products are produced with forced labour, the US imposed a ban on Xinjiang imports, which hit China’s supply chain. In 2021, the Uyghur Forced Labour Prevention Act (UFLPA) was signed into law, under which the US government assumes that anything made even partially, in the Chinese manufacturing hub of Xinjiang is produced with forced labour and therefore, can’t be imported into the US unless companies are able to provide “clear and compelling evidence” to the contrary. Earlier, the US imposed several restrictions in place for imports from Xinjiang, where human rights groups claim Uyghurs and other ethnic minorities continue to face a series of rights abuses, including being placed in mass internment (re-education) camps. With the US trying to rally its allies to this anti-China law, an opportunity arises for countries like India to step into the vacuum created by imports from Xinjiang. As per the new law, all goods from Xinjiang (People’s Republic of China)are barred from being imported into the US unless it can be proven otherwise. The law makes the case that Chinese authorities have established detention camps for Uyghurs and other Muslim groups in Xinjiang and are using forced labour to produce goods for export requiring a legal route to impact Chinese actions. The US has said that China is committing genocide of the Uyghur population. The US Customs and Border Protection said it would strictly enforce the rules and is likely to aggravate the already tense relations between the US and China. Zhao Lijian, spokesperson for China’s Ministry of Foreign Affairs had warned prior to the coming into force of the new Act that if implemented, “it will severely disrupt normal cooperation between China and the US, and global industrial and production chains.” He added that “China will take robust measures to uphold its own rights and interests as well as its dignity.” There is cause for concern within the US and elsewhere, over the new Act targeted at China, as Xinjiang accounts for 20 per cent of the world’s cotton and 80 per cent of China’s domestic production. Xinjiang has a robust industrial, mining, and agricultural sector and produces everything from peppers and walnuts to electrical equipment and polysilicon, a key material for making solar panels, which is exported to the US. The new law is of particular concern for the global solar industry, which saw about 50 per cent of the world’s supply of polysilicon come from the Xinjiang region in 2021. While Chinese companies and retailers brace for chaos as US Customs begins to enforce a ban on imports from Xinjiang, companies are also trying to understand how the new rules could affect their business and supply chains. Asian clothing suppliers, international retail chains, US solar-panel makers and Chinese floor tile material makers among scores of groups are all looking at the possibility of their US-bound shipments being seized. Considerable data on forced labour being used by China has been generated by the Xinjiang Papers and the Australian Strategic Policy Institute (ASPI) 2020 report “Uyghurs for Sale”. More recently, the UK’s Sheffield Hallam University released a report (June 2022) documenting the use of forced labour in Xinjiang to manufacture polyvinyl chloride, a core component in floor tiling. The report investigates the increased manufacturing of PVC in the Uyghur Region, the manufacturers’ use of state-sponsored labour transfers, the environmental damage this is causing, and the routes by which the resulting PVC-based products make their way into international markets. The report highlights the case of the Zhongtai Group, a Chinese state-owned enterprise, which manufactures 2.33 million tons of PVC annually. It is found that “During the COVID-19 pandemic lockdown, Zhongtai Group reported having received 1,180 transferred employees from Uyghur and other Indigenous communities in the Xinjiang – Uygur Autonomous Region (XUAR) in only two weeks”. Academics and media organisations have published numerous reports detailing the systematic use of forced labour among Uyghurs in what critics describe as internment camps. China, which initially denied the existence of such facilities, later said they were vocational training centres which were designed to combat the rise of religious and separatist extremism. Pertinently, the Sheffield Hallam Report states that Zhongtai also runs ideological and vocational training schools that have trained thousands of rural farmers to become compliant factory labourers. Information on the supply of forced labour from Xinjiang comes from research produced by Adrian Zenz and the Asian Society Policy Institute (ASPI). There are reports of detainees being moved out of Xinjiang to work in other parts of the country, while components produced in the region have been traced to US-bound exports shipped from elsewhere in China. President Biden’s administration wants global supply chains to be free from forced labour. Therefore, the new American measure will not have a lasting impact unless countries like Canada, Europe, and others involved in procurement, refuse to pull their weight. Consequently, goods will simply be redirected and, the new law will have little impact on the ground. The Uyghur Act of 2021, brands a ‘high priority’ for seizure, all US-bound imports traced to Xinjiang, including cotton, tomatoes, floor tiles and solar panel materials. More than 900 shipments from the region were seized in the last quarter of 2021 by US authorities under earlier trade restrictions. But US trade and business groups said the new legislation’s vague wording threatened to put the bulk of China’s USD 500billion in annual shipments bound for the US at risk. There is undoubtedly an opportunity for countries like India to capitalise on this opportunity and fill the likely vacuum created by textiles from China. India’s textile industry will have to increase its production capacity. Reports indicate that companies have already started expanding their capacity to produce on a large scale. However, the ground reality is that it may take a year or so for units to be ready with more capacity. The expectation is that the Production Linked Incentive will help and encourage industrial units to expand capacity. In the long run, the UFLPA is a step in the direction of tightening US legal responses to China’s alleged ill-treatment of the Uyghur in Xinjiang. The effectiveness of the Act will depend on cooperation from Europe and Canada. Further, UFLPA cannot function in isolation. The US under Joe Biden has to turn its attention solely on China and necessarily away from Russia if a comprehensive China strategy is to be put in place. In the absence of a grand strategy toward China, the UFLPA will remain an episodic event in US-China relations with little to show on the ground
Source: The Print
Scan Global Logistics (SGL) has ramped up its European organisation and network by acquiring two companies, Gelders Forwarding (Gelders), an air and ocean forwarder and Advection Logistics (Advection), a full-service logistics provider. The acquisitions will significantly scale SGL’s airfreight services and enhance its presence in the technology sector. Meanwhile, Advection becomes the first SGL office in Hungary and provides a platform for growth in the region. It’s less than a week since SGL acquired Sea-Air Logistics, increasing its presence in China and Hong Kong before putting pen to paper and expanding its European footprint. The signings follow SGL’s ambitious growth and acquisition plan, which so far counts eight acquisitions, including one minority investment in 2022, the company said in a press release. Planting its flag in Hungary follows SGL’s global expansion strategy. Being locally present allows SGL to grow closer ties with its existing customers operating from and within Hungary, offering improved services and uncomplicated supply chains. Furthermore, Advection’s well-established capabilities, competencies and network provide an excellent opportunity to develop further in the region. “Our companies’ cultural DNAs, customer-centric and entrepreneurial approach match SGL perfectly. Becoming one allows us to substantially benefit from our combined expertise and capabilities to offer improved and extended services to our customers. We look forward to developing our future business together,” Izabella Szocs, managing director, Advection, and François Verhaart, managing director, Gelders, said. “With Advection, we share a highly commercial approach and one of deep industry knowledge. Therefore, we are delighted to add its strong competencies within pharma healthcare, automotive logistics and the technology sector to ensure our customers an even better range of services and improved support for their businesses. With these two acquisitions, we take another step toward strengthening our European organisation and foothold. We will continue to invest in our European infrastructure, employees, and systems to support our global customers and provide uncomplicated logistics wherever they operate” Lars Syberg, RCEO of EMEA, said.
Source: Fibre 2 Fashion
Member states of the East African Community (EAC) are reportedly lacking a consensus over preferential Rules of Origin and tariffs on textile and apparel and goods produced in special economic zones (SEZs) among other products. Rising protectionism could expose the region to unfair trade practices under the African trade pact AfCFTA. The requirement for local content is 40 per cent now, and is considered too steep for sustainable production, according to a report in a Kenyan newspaper. The Democratic Republic of Congo, Kenya and Burundi support the African Continental Free Trade Area (AfCFTA) Secretariat’s position. Rwanda is undertaking internal consultations to joining them, while South Sudan and Tanzania are split on the review terms as they seek to allow more imports. Though the draft ministerial regulation states that goods produced in SEZs shall be treated as originating goods provided they satisfy the rules of origin, member states are yet to agree on import duties being paid on the inputs of these products. The private sector in East Africa, which feels it makes economic sense to treat such goods as originating, provided they satisfy the AfCFTA rules of origin, attributes the divergence between the EAC partner states to the lack of a regional policy on goods produced in SEZs. “This is due to the fact that goods produced in SEZs are already circulating freely in COMESA and SADC, and that the same will apply to the Tripartite Free Trade Area once the agreement establishes the TFTA enters into force,” a report by the East African Business Council (EABC) states. Countries in the region, which enjoy a huge export market under agreements like US African Growth Opportunity Act, have also differed on imports of raw material for the local textile and apparel industries as those seek to curb cheap imports. There are at least 44 elements on textile that are yet to be agreed upon related to natural fibres, man-made staple fibres, chemical materials and textile pulp. EABC experts say the fact that Rules of Origin alone will not solve all the historic challenges facing the textile-apparel sector, there is a need for a deliberate industrialisation strategy that puts in place the right policy mix and environment to support the development of a vertically integrated value chain. This should include affordable credit and energy, advanced technology, a skilled and productive workforce, and a favourable regulatory and policy environment. It proposes the provision of preferential market access for African textiles and garments in the uniform market, including police, military, schools and hospitals. Companies should also be allowed to import fabric, fibre and yarn not available in Africa, EABC says. “Stringent rules of origin will lock out trade in textiles and apparel in the continent against the objectives of AfCFTA,” EABC notes.
Source: Fibre 2 Fashion
