Yesterday's Liberal leadership spill resulting in a major reshuffle of the Cabinet could have a major impact on the Australian fashion industry.
While Malcolm Turnbull beat Tony Abbott 54-44 for the role of Prime Minister, former Foreign Minister Julie Bishop has been elected deputy in a 70-30 landslide vote against Kevin Andrews.
Bishop recently formalised the partnership between the Department of Foreign Affairs and Trade (DFAT) and the Australian Fashion Chamber (AFC).
At the end of August we reported that 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 DFAT to 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.
Bishop's commitment to the development of Australian fashion has also included hosting an industry roundtable earlier in the year to discuss trade and investment opportunities for domestic designers.