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The federal government formalised a partnership with the Australian fashion industry yesterday to drive economic growth in the sector.

Foreign minister Julie Bishop met with Vogue Australia editor-in-chief and Australian Fashion Chamber (AFC) chair Edwina McCann at the University of Technology Sydney to put pen to paper signing a memorandum of understanding linking the Department of Foreign Affairs (DFAT) and the AFC.

Media and AFC members gathered to witness the signing, which showcased garments from prolific designers including Aje, Dion Lee and Josh Goot.

In addition, DFAT has also pledged a $50,000 cultural diplomacy grant aimed at the AFC Australian Designers Abroad program that will catapult domestic talent onto a global stage.

AFC general manager Courtney Miller said that the government's support of the industry will be instrumental in boosting trade.

“We are privileged to have the strong support of the Australian Government and to be able to nurture our future fashion leaders while leveraging business development, trade and investment opportunities.”

The Australian fashion industry reportedly rakes in around $12 billion per year towards the economy and currently employs approximately 220,000 people.

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