Definition
So what exactly does “fair trade” mean?
Fair Trade is a trading partnership, based on dialogue, transparency and respect that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers. Fair Trade organizations (backed by consumers) are engaged actively in supporting producers, raising awareness, and in campaigning for changes in the rules and practice of conventional international trade.
The definition of “Fair Trade” has been agreed upon by an informal network of the four Fair Trade Organizations, known by their initials as FINE.
Fairly Traded goods ensure a standardized livable wage for laborers internationally. Fair Trade is an alternative way of doing business - one that builds equitable, long-term partnerships between consumers in developed world areas and producers in developing regions. Fair Trade producers must meet strict criteria in order to qualify their product as “Fair Trade.” This manner of conducting business emphasizes not only a fair wage to the farmer or producer, but also humane working conditions, environmental sustainability, and community development. Often, the profits from Fair Trade are invested directly into a community, improving the standard of living for more than just a single farmer and his family.
For more information visit fairtraderesources.org.
RSS
