Question

What is involved in fair trade with the U.S.?

Answer 1

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Fairtrade is a principle of business and social responsibility where it is considered unethical to pay the producers in a developing country an amount which would not allow it to sustain the economic growth of the producer in that country. Mediators often pay these producers their minimum willing price and then exports the products to the United States where they are sold and marketed as fair trade goods and therefore, sold at a much larger price.fair trade in the United States requires the practice of ethics, democratic decision-making powers and focus on the needs of the community. It also requires focus in the area of training the workforce about competency, capacity building. There is a focus on economic development, stable business practices and an emphasis on workplace safety and training.