Fair Trade, what is it really…

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‘Fair trade is a financial relationship between producers, sellers, and consumers based on the principle of equity within the exchange of goods. Equity is achieved via creating a platform for trade that is transparent and therefore accountable for the just treatment of all producers. This includes providing market avenues that allow marginalized producers the opportunity to sell, ensuring humane working conditions, and all the while protecting environmental and cultural factors that play into the production process. There are nine main principles by which all fair trade abides: create opportunities for marginalized producers, develop transparent relationships, build capacity, promote fair trade, pay promptly and fairly, support empowering working conditions, ensure children’s rights, cultivate environmental stewardship, and respect cultural identity.[1] It focuses in particular on exports from developing countries to developed countries, most notably handicraftscoffeecocoasugarteabananashoneycottonwine, fresh fruitchocolateflowers and gold. The practice of fair trade places the communities involved in both selling and buying products as the primary focus, attempting to create a partnership which is beneficial to both parties.[2]

http://en.wikipedia.org/wiki/Fair_trade





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