Embassy of India City Commercial JUNE Report 2019

MORBI CERAMICS ASSOCIATION IN MEXICO

FONATUR VISITED THE EMBASSY SRTEPC IN MEXICO

A report on the various commercial events that have taken place in the month of June and Belize and have relevance for India. For more information, please write to Mr. Ashwani Kumar, Commercial Representative, Embassy of India, at [email protected].

CONTENTS

SL SUBJECT PAGE NO NO 1 The Economy 3 2 Trade, Investment and Infrastructure 4 3 Agriculture 5 4 The Energy Sector 5 5 The Automotive Sector 7 6 Health and Pharma 8 7 Bilateral Events and News- Mexico and other countries 8 8 Multilateral Events and News involving Mexico 9 9 Commercial News from Belize 10 10 11 Appendix – Statistics (Mexico´s perspective) I.Bilateral Trade in January – April 2019 compared to January - April 2019 (Figures in Million USD) II.Mexico Import Statistics from India III.Mexico Export Statistics to India

11 Appendix – Statistics (Belize´s perspective) 14 I. Bilateral Trade (Belize-India) in January - May 2018 compared to January - May 2017 (Figures in Thousand USD) II.Belize Import Statistics from India III.Belize Export Statistics to India

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THE ECONOMY Manufacturing Exports Recover Strength

Financial strains on the country's finances by Manufacturing exports grew 7.95% annually in expenditure for migrants May, their highest level in four months. Driven by automotive sales, which reported a growth The migration agreement that Mexico reached of 16% over May 2018. Experts believe the with the United States to curb tariffs could have performance of automotive exports in April and negative implications for the Mexican economy, May could be indications that external demand specifically in the labor market and public will contribute favorably to the Gross Domestic finances. Among the commitments reached are Product of the period. Other significant the deployment of 6,000 members of the increases in foreign sales of the manufacturing National Guard on the southern border of industry were in various machinery, food, Mexico, as well as authorizing the entry of all beverages and tobacco, and professional and asylum seekers on the southern border of the scientific equipment. United States, while they await approval of their permanent applications. Banxico warns of risks due to low ratings

Fitch Ratings puts Pemex bonds at speculative The reduction in Pemex's rating and the grade movements on the country's sovereign note are the main risks to economic growth. Alejandro The agency Fitch Ratings downgraded Pemex's Diaz de Leon, governor of the Bank of Mexico credit rating by one step and placed in BB+, the (Banxico), said that risk premiums, both Pemex oil company's bonds have lost investment grade and sovereign, must be mitigated and reduced and are in speculative grade. The cut is due to so that the ratings do not become a major the fact that although Pemex has implemented concern for the country's development. cost reduction measures and received tax reductions from the government, the company $24 billion pesos estimated less in revenue due continues with an insufficient investment in its to the downturn main business, which could lead to a greater fall The slowdown of the Mexican economy, which in production and decrease in reserves. could grow only 1.2% this year, with the The Meetings Industry contributes a third of possibility that this forecast continues to be the tourist flow corrected downward, will impact on public revenues. Growth forecasts are 0.8 percentage Meetings Industry represents a third of the points below the official target, which would economic income that tourism leaves Mexico, represent a decrease of more than $24 billion around $25 billion dollars annually. 25% of the pesos in tax revenue, equivalent to 0.09% of total food and beverages consumed in the GDP. country in tourist plazas is related to attendees to conventions, business events and exhibitions in the country.

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TRADE, INVESTMENT & Riviera Nayarit will invest $3 Billion Dollars

INFRASTRUCTURE Riviera Nayarit attracts more and more tourist Meeting between multimillionaire Lakshmi investment, particularly from chains and Mittal and president López Obrador operators of luxury properties, an investment of $3 billion dollars is expected. At the end of Lakshmi Mittal owner of Siderurgical Lázaro 2018, tourism left an economic income for Cárdenas Las Truchas, in Michoacán, expressed Riviera Nayarit of 1.6 billion dollars, in addition his commitment to invest in Mexico and make it to a 20% increase in rates for luxury hotels. grow. He has a business plan which integrates all the processes from mining to steel CNH approves Shell to invest $1,316 million production. President López Obrador, stressed dollars in deep waters that the objective of his administration is to The Dutch Shell will invest up to $1.316 billion strengthen national production so that jobs are dollars in the exploration of five of the nine created and the domestic market is contractual areas in deep and ultra-deep waters strengthened. that won in Round 2.4. The National Investment of $100 billion pesos in ports Hydrocarbons Commission (CNH) authorized the company five exploration plans; four for The government and private initiative will blocks located in the Folded Lost Belt and one invest about $100 billion pesos under the more in the Salinas Basin. Shell will make an current six-year period in various port projects. investment of $396 million dollars, but this Investments will focus on large projects such as amount could be expanded to reach just over the continuation of the port of Veracruz, the $1.3 billion dollars if oil potential is found in the expansion of Manzanillo, the Laguna de areas located in the Gulf of Mexico, near Cuyutlán and the expansion and deepening of Veracruz and Tampico, in Tamaulipas. the Port of Progreso. IFC to lend $800 million dollars for Firms in the tourism sector will cut 76% their infrastructure investment The International Finance Corporation (IFC) will The companies grouped in the National Tourism disburse at least $800 million dollars to finance Business Council (CNET) reported that instead infrastructure projects in Mexico. Mexico's of investing $8,500 billion dollars, a cut of 76% agenda is very promising, has many strategic to the original amount. The cancellation of assets, so the appetite for investment can be Mexico's New International Airport in Texcoco, seen. This year they are financing electricity the slowdown of foreign and local travelers, projects with photovoltaic generation in the coupled with the phenomenon of the sargasso, country and the shared network 5G. are the perfect storm for tourism entrepreneurs to adjust down their bet in the country. BBVA reaffirms to the president plan to invest $63 billion pesos

The president of the BBVA spanish group had a meeting with the president, where he reffirmed

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that during his during this six-year period will of July, or early August, when they begin to invest $63 billion pesos of infrastructure, both normalize the flow and price of avocado. in technology and physics given the potential UPL helps improve corn crop performance in for expansion that the country has. The banking Mexico institution will continue to contribute to the evolution of the Mexican economy, through the UPL in collaboration with Advanta, launched granting of loans to families and businesses. the initiative "Two Tortillas for Self-Sufficiency", which is part of its OpenAg philosophy, which Central America Plan Starts with $30 Million means open agriculture and aims to sustainably dollars and 20,000 Jobs for Salvador transform agriculture around the world. The The president López Obrador |began the objective is to support small farmers with Development Program for Central America with limited resources to increase the performance the delivery of $30 million dollars to El of their crops. Salvador, for the Sembrando Vida program, SADER Announces New Personnel Cutbacks which will generate 20,000 jobs. It is expected that a total of 200,000 hectares of fruit trees The Secretariat of Agriculture and Rural will be dedicated as the plan to support Central Development (SADER) announced that it will America. carry out a restructuring that will lead to a reduction in operating expenses, within which

the separation of its position of 688 employees AGRICULTURE is contemplated. Of which 288 will be able to return to their position if they wish. This cut Producers warn avocado would cost up to $130 would seek to generate greater availability of pesos per kilo resources to promote priority programs established by the federal government. Avocado prices are set to reach peaks of 2017, when the green gold reached $130 pesos per kilo, the chicken is in a similar situation, kilogram is sold in more than $100 pesos. Data THE ENERGY SECTOR from the Federal Consumer Protection Agency Pemex production drops (Profeco) indicate that in the week of June 17 to 21, the price of one kilo of avocado reached up Pemex has not been able to contain the fall of to $80 pesos in the country's markets, however, its crude production. In May, the oil company the president of the Association of Producers produced 1,663 million barrels of crude a day, and Packers of Avocado Exporters of Mexico the lowest figure since 1979. Crude oil (Apeam), said that given the low production for production in May reported a drop of 10.1% the harvest season the price will continue to compared to the same month last year. Crude increase. There is no fruit, and because of the oil exports in May rose with a daily average of 1 effects of supply and demand, prices have risen, million 205 thousand barrels per day, its second and these will decrease until there is more highest level in the first 5 months. Gasoline product. It will probably be from the last weeks

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imports reached their lowest point in the year Petrobal to produce crude oil by 2020 during May. Petrobal expects to begin extracting crude in BP plans to import gasoline by train and ship Mexico, in association with Fieldwood for the by 2020 last quarter of 2020. They will begin construction of an oil field and drilling later this BP expects to begin transporting and importing year. The estimated investment in the gasoline by rail in the second half of 2019, so it development of their oil wells will be more than will take advantage of the development of $3 billion dollars. storage terminals in Guadalajara and Manzanillo. They currently transport and AMLO signs pact with 23 banks to refinance import gasoline through autotanks to supply PEMEX their stations in the north of the country. President Andres Manuel Lopez Obrador signed an agreement that formalizes a loan of $8 billion dollars granted by a group of 23 national Shell will invest up to $2 billion dollars in and international banks to Petroleos Mexicanos Mexico (Pemex) and thus reduce the cost and increase Shell committed to invest $800 million dollars in the term of payment of its liabilities. The Mexico for the exploration of oil fields, agreement was described by representatives of according to the plan approved by the National financial institutions as a sign of confidence in Hydrocarbons Commission (CNH), but the the state company and the federal government. amount could increase to $2 billion dollars. The The meeting was attended by 14 of the 20 initial amount are minimum commitments for largest banks in the world. research in five oil areas, but the investment Construction of Dos Bocas Refinery puts 119 would increase according to its exploration species at risk results. The construction of the Dos Bocas refinery in BP seeks to dispense gasoline to 15% of fleets Tabasco will put at risk more than 4,000 in Mexico animals of 119 species that inhabit the area, The British energy company, BP launched its including 27 specimens of 25 genera in danger gasoline management system for firms that of extinction. The Environmental Impact operate fleets of cars and trucks, called BPfleet, Assessment, prepared by the Mexican with which it wants to dominate 15% of Petroleum Institute (IMP) and presented by business in Mexico by 2022. BPfleet customers PEMEX, details that among the specimens at can refuel on the country's most important risk of disappearing detected in the area are the routes and cities, 24 hours a day. By 2022 they howler monkey and the anteater. The will have a gasoline storage system of 1.5 document recognizes that, although the area million barrels. where the project will be developed is not declared a Protected Natural Area, it does present elements of ecological relevance, such

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as mangroves, water bodies, wetlands and increase of 52.3% compared with the same fauna species in protection status. period last year. Mexico City and the State of Mexico concentrated 51.1% of national demand Yucatan with renewable energy source for these cars. Other states that have a higher Yucatan has promoted energy independence demand for hybrid vehicles are Jalisco and through renewable energies, adding the Nuevo Leon. production of clean energy obtained through Mexican Auto Production Falls 1.5% in May the wind farms of Dzilam de Bravo and Tizimín, of the firm Envisión; the solar park of San It is the second monthly reduction within 2019 Ignacio, developed by the company Kinko Solar; and was mainly due to lower activity of Mazda, as well as that generated on a small scale which reduced its assembly 63%, while Audi did through solar panels in homes, businesses and it in 27.6% and Toyota in 11.9% However, farms. The entity is about to enter an electrical exports rose as they were sent to other markets emergency, but already has a capacity of more in May this year, 5.6% higher than reported in than 210 Megawatts from renewable energy. the same period last year. Volkswagen and Ford Additionally, 24 permits have been registered increased their shipments 40.2 and 19.8%. for new clean energy generation parks, which BMW inaugurates its plant in San Luis Potosi; will have a total capacity of 3,400 MW, it will export to the United States representing an investment of $4,500 million dollars, although they are not yet under BMW inaugurated its plant in San Luis Potosi, development. which will also launch the first car produced in Mexico, Series 3. BMW invested one billion THE AUTOMOTIVE SECTOR dollars and for the moment 100% of what it Automotive sector boosts Mexican exports; produces in San Luis Potosi will be destined for exports to the United States rose almost 20% the United States, worse in the following months exports more markets with the aim of Mexico recorded exports of products worth reaching 40 countries in 2020. $41.8 billion dollars in May, a year-on-year increase of 6.7%, driven by the automotive Faurecia will invest $400 million pesos in sector. In particular, external automotive sales Puebla climbed to an annual rate of 16%, its best The auto parts firm Faurecia will invest $400 performance in the last seven months. In more million pesos in the construction of its new detail, automotive exports to the United States corporate building in Puebla. Since its arrival in in May rose 19.8%, the highest dynamism since Mexico in 1997 with a plant dedicated to the August 2014, while those sent to the rest of the manufacture of interiors, has grown and world fell 0.3%. extended its production areas to Puebla and Mexico City and State of Mexico Boost Bajio. Demand for Hybrid Cars

Between January and March 2019 in Mexico 5,453 hybrid cars were sold, which meant an 7

HEALTH AND PHARMA Mr. Ronak Rughani and immediate past President Mr. Srinarain Aggrawal visited Mexico Tender to purchase drugs postponed again City and Guadalajara on 27-28 June. They met The opening of proposals for the consolidated with National Chamber of Textiles purchase of medicines, healing material, (CANAINTEX), National Chamber of Apparels (CANAIVE), India Mexico Business Chamber, radiological and laboratory material was postponed and the winner's decision will be Indian textile merchants and Chamber of announced on 28th of June. This is the fourth Commerce of Guadalajara. The visit was time that the bidding process has been considered successful as many postponed. The first delivery of medicines has wanted to initiate or increase their business to be made 10 days after the ruling. with India. The purpose of the visit was to popularize the Source India Expo which will take Another process for medicine distribution place in Mumbai on 21-23 August, 2019.

Raquel Buenrostro, Senior Officer Administrator FONATUR visited the Embassy of the Ministry of Finance and Public Credit, anticipated that in addition to the process of Ms. María José de la Torre Larios, Manager of consolidated purchase of medicines, now there Institutional and International Management will be another tender for the distribution of from FONATUR (National Trust for Tourism drugs. The distribution will be divided into 5 Development) led her team to meet the regions throughout the country and will be Commercial Representative of the Embassy of done in an online auction to provide the service India and the President of India Mexico between companies that meet all requirements Business Chamber (IMBC), presenting the and services. The Senior Officer Administrator various investment opportunities available with denied that despite the fact that this is the FONATUR for India companies in real-estate fourth time the bidding process for the sector on 11 June, 2019. FONATUR has been instrumental in development of various beach purchase of medicines has been postponed, resorts in Mexico like Cancun, Puerto Vallarta there is a problem of shortage, so the federal government will fulfill the delivery on time. etc..

BILATERAL NEWS AND EVENTS- MEXICO India Mexico Business Chamber (IMBC) –first AND OTHER COUNTRIES breakfast meeting

INDIA The first breakfast meeting of the members of the India Mexico Business Chamber (IMBC) was Delegation from Synthetic and Rayon Textiles held at the Embassy to review and plan its Export Promotion Council (SRTEPC) visited activities. Ambassador Muktesh Pardeshi Mexico City and Guadalajara graced the occasion and shared his thoughts on growing India Mexico relations. The Chamber A two member delegation of Synthetic and was inaugurated on 2 May 2019 by the Mexican Rayon Textiles Export Promotion Council (SRTEPC) consisting of the present President 8

Ministers of Economy and Energy and CANADA Ambassador of India to Mexico. Canadian Ambassador demands clear rules for investors in Mexico

Morbi Ceramics Association in Mexico Canadian Ambassador to Mexico, Pierre Alarie, urged the Government of Mexico to have clear Morbi Ceramics Association is organising rules in contracts with Canadian companies. He Ceramix 2019, one of the biggest expo in the assured that the actions of the Federal ceramic tiles and sanitary ware sector on 21-24 Electricity Commission (CFE) to subject to Nov 2019. To invite the Mexican businessmen international arbitration the contract of the to this Expo, Mr. Vishal Acharya visited Mexico South Texas-Tuxpan gas pipeline, where the City and Guadalajara. He had meetings with electric company TransCanada participates, is various chambers and association including not congruent with the speech of the President. COMCE, CMIC, ANIERM, CANACO Guadalajara, The federal government assured (in March) that and IMBC. The Indian export to Mexico in this there are clauses in the contracts designed to sector has grown tremendously in last few favor contractors. Such as, if there are years. interruptions of works, the CFE must pay the GERMANY companies even if there are no advances; at the end of the contract, the pipeline will be owned Work visit to Germany by Minister of Foreign by the company and not by the CFE. Affairs, Marcelo Ebrard UNITED STATES Marcelo Ebrard participated in the Ministerial Conference on Latin America and the Caribbean Mexico consolidates itself as the main partner held in Berlin. He also met with Federal of the United States Minister Maas, the second bilateral meeting in Mexico remained the main trading partner of less than a month, showing the shared interest the United States until April, while China in dialogue and bilateral cooperation. Minister continued to lose participation in trade. Ebrard presented the Integral Development Between January and April of this year, the Plan for southern Mexico and the northern United States made 15% of its total trade with triangle of Central America. He called on the Mexico. Mexico's exports to the United States international private sector to generate accumulated $117 billion dollars, a growth of development and opportunities at the regional 6.4%. level. Minister Maas stated his country seeks to join efforts and provide financial resources that MULTILATERAL EVENTS AND NEWS contribute to social welfare in the region. INVOLVING MEXICO

Marcelo Ebrard participates in Summit

Minister of Foreign Affairs, Marcelo Ebrard,

spoke with the president of the United States,

Donald Trump, during the summit of the G20, in 9

Osaka, Japan. They spoke about the recent by 35.6%. For the first three months of 2019, ratification of the USMCA in Mexico and the the level of economic activity increased by 5.2% new agreement signed between the two when compared to the same period the countries to regulate migration from Central previous year. The SIB attributed the shortfall America. Ebrard delivered a letter from the to “substantial declines” in sugar, crude President AMLO to the Chiefs of State of the petroleum and citrus products. G20, conveying them to support the Integral Low unemployment rate in Belize Development Plan for Southern Mexico and Central America. Statistical Institue of Belize issued a Labour Force Survey mentioning an increment was

caused by a net increase of 8,478 in the number COMMERCIAL NEWS FROM BELIZE of persons with jobs coupled with a number of persons existing in the labour force. Decrease in Prices of 3 Fuel Products Unemployment fell from 9.4% in 2018 to 7.6% Three fuel products saw a notable decrease. in 2019. Premium gasoline decreased by forty-one cents. Diesel had the biggest decrease, a decrease of forty-six cents. Kerosene also had a decrease, falling by eleven cents. A government statement said the price adjustments reflect the international petroleum market’s demand for crude oil, and the increase in the production of refined fuel products in the countries from which Belize obtains its supplies.

SIB’s New Quarterly Statistics

The Statistical Institute of Belize (SIB) showed the quarterly statistics. In May, imports went up by 1.9%, while domestic exports were down

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APPENDIX- STATISTICS

INDIA - MEXICO

I. Bilateral Trade (Mexico-India) in January-April 2019 compared to January-April 2018 (Figures in million USD)

Export Import Total Growth in percentage Growth in percentage of of Mexico’s Exports in Mexico’s Imports in 2019 2019 over 2018 over 2018 Mexico’s trade with 1,786.735 1,621.783 3,408.518 147.47 -3.86 India

Mexico’s total 147,498.8 147,945.2 3.31 2.39 295,444 global trade

MEXICO IMPORTS FROM INDIA BY COMMODITY (Jan – Apr, 2019)

Value (thousands No. HS Code Description USD)

Passenger Motor Vehicles With Spark-Ignition Internal Combustion 1 8703.22.01 Reciprocating Piston Engine, Cylinder Capacity Over 1,000 Cc But Not 168947 Over 1,500 Cc

Passenger Motor Vehicles With Spark-Ignition Internal Combustion 2 8703.23.01 Reciprocating Piston Engine, Cylinder Capacity Over 1,500 Cc But Not 155473 Over 3,000 Cc

3 7601.20.99 Aluminum Alloys, Unwrought; others 42889

Drive Axles With Differential For Motor Vehicles, Forward Bearing 4 8708.50.10 23602 Axles, And Their Parts, Except As Comprised In Fraction 87085013

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Diamonds, Nonindustrial, Worked, Including Polished Or Drilled; 5 7102.39.99 17200 others

Motorcycles And Cycles With An Auxiliary Motor, With Reciprocating 6 8711.20.04 Internal Combustion Piston Engine, Cylinder Capacity Over 50 Cc But 16402 Not Over 250 Cc

7 8708.50.99 Drive Axles With Differential For Motor Vehicles, Others 14868

Imports Of Articles Exported And Returned After Being Advanced Or Improved Abroad, Except Repairs Or Alterations Made Persuant To A 8 9802.00.12 14786 Warranty; Merchandise For The Sectoral Promotion Program Of The Rubber And Plastic Manufacturing Industry

Glazed Ceramic Flags And Paving, Hearth Or Wall Tiles Nesoi; Tiles, 9 6908.90.02 Slabs And Similar Items, Even In A Different Shape Of Square Or 14775 Rectangular For Paving Or Cladding

Parts And Accessories For Office Machines, Nesoi (For Example, 10 8473.40.99 Duplicating Machines, Addressing Machines, Stapling Machines, Etc.); 14565 others

MEXICAN EXPORTS TO INDIA BY COMMODITY (Jan – Apr, 2019)

Value (thousands No. HS Code Description USD)

Machines For The Reception, Conversion And Transmission Or 1 8517.62.99 Regeneration Of Voice, Images Or Other Data, Including Switching 116924 And Routing Apparatus, other

Digital Processing Units Other Than Those Of 8471.41 And 8471.49, 2 8471.50.01 29587 N.E.S.O.I.

3 8708.40.03 Gear Boxes For Motor Vehicles 21994

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Machines For The Reception, Conversion And Transmission Or 4 8517.62.02 Regeneration Of Voice, Images Or Other Data, Including Switching 18477 And Routing Apparatus, Control Units Or Adapters

5 7204.21.01 Stainless Steel Waste And Scrap 7317

Pigments And Preparations Containing 80% Or More By Weight Of 6 3206.11.01 7129 Titanium Dioxide Calculated On The Dry Matter

Parts Of Telephone Sets And Other Apparatus For The Transmission 7 8517.70.12 6988 Or Reception Of Voice, Images Or Other Data; Modular Circuits

8 8471.70.01 Automatic Data Processing Storage Units, N.E.S.O.I. 6768

Nucleic Acids And There Salts, Wheter Or Not Chemically Defined; 9 2934.99.99 6279 Other Heterocyclic Compounds, Nesoi

Machines For The Reception, Conversion And Transmission Or 10 8517.62.01 Regeneration Of Voice, Images Or Other Data, Including Switching 5388 And Routing Apparatus, Local Area Network ("Lan") Apparatus

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INDIA - BELIZE

I. Bilateral Trade (Belize-India) in January-May 2019 compared to January-May 2018 (Figures in Thousand USD)

Export Import Total Growth in percentage of Growth in percentage of Belize’s Exports in 2019 Belize’s Imports in 2019 over 2018 over 2018 Belize’s trade 403 6,097 6,500 17.74% 39.99% with India Belize’s total 100,542 376,658 477,200 - 9.30% 2.24% global trade

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II.Belize Imports Statistics from India Commodity:_Total, All Commodity Chapters Year To Date: January-May

United States Dollars % Change Commodity Description 2017 2018 2019 2019/2018

_Total All Commodity Chapters 5,095,865 4,355,885 6,097,899 39.99 24 Tobacco And Manufactured Tobacco Substitutes 3498071 2420944 3304694 68.65

72 Iron And Steel 281335 43892 818981 5.52

Apparel Articles And Accessories, Knit Or 61 Crochet 470460 122073 454675 9.23

84 Nuclear Reactors, Boilers, Machinery Etc.; Parts 27913 399419 277672 0.55

62 Apparel Articles And Accessories, Not Knit Etc. 301691 281100 258484 5.92

30 Pharmaceutical Products 189744 235318 194120 3.72

Optic, Photo Etc, Medic Or Surgical Instrments 90 Etc 11620 3247 185423 0.23

Electric Machinery Etc; Sound Equip; Tv Equip; 85 Pts 19207 3472 139342 0.38

Paper & Paperboard & Articles (Inc Papr Pulp 48 Artl) 8820 22208 83610 0.17

III. Belize Export Statistics To India Commodity:_Total, All Commodity Chapters

Year To Date: January-May

United States Dollars % Change Commodity Description 2017 2018 2019 2019/2018

_Total All Commodity Chapters 1,098,746 342,853 403,685 17.74 Food Industry Residues & Waste; Prep Animal 23 Feed 792,148 296,517 345,143 16.40 07 Edible Vegetables & Certain Roots & Tubers 211,792 0 0 Apparel Articles And Accessories, Knit Or 61 Crochet 10,571 40,434 15,331 - 62.08 62 Apparel Articles And Accessories, Not Knit Etc. 320 2,639 369 - 86.00 71 Nat Etc Pearls, Prec Etc Stones, Pr Met Etc; Coin 27,333 0 414 42 Leather Art; Saddlery Etc; Handbags Etc; Gut Art 629 1,582 1,557 - 1.59 65 Headgear And Parts Thereof 0 653 94 - 85.55

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