Question

What is fair trade

Answer 1

FAIR TRADE

Fair trade is a trending partnership, based on dialogue, transperency 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.

Members of the fair trade movement add the payment of higher prices to exporters, as well as improved social and environmental standards.

The movement focuses in particular commodities that are typically exported from developing countries to developed countries ,but is also used in domestic markets,most notably for handicrafts, coffee, cocoa,wine,sugar,fruit,flowers etc.

In addition to fair prices and payment, strict fair trade certification ensures absolutely no child labour ,good working condition,no discrimination, no forced labour and no bonded labour.there is a transperency from seed to shelf and accountability in every stage.

Key objectives

*Ensures that producers recieve prices that cover their average cost of sustainable production.

*Provide an additional fairtrade premium which can be invested in projects that enhance social,economical and environmental development.

* Enabling pre-financing for producers who require it.

* Facilitate longterm trading relationships and enable greater producer control over the trading process.

* Set clear core and development criteria to ensure that the conditions of production and trade of all fairtrade certified products are socially, economically fair and environmentally responsible.

Benefits of fairtrade

* Fair trade provides a fair price to farmers who grows the things

*It is good for environment as fairtrade supports sustainable farming practices.

* Fair trade is safe as it has standards that protects workers rights and promote good health and safety practices.

*It supports communities by working thorugh cooperative structures

*It promotes gender equality

*Fair trade sets social, economic, and environmental standards

* Fairtrade supports farmers to implement climate change adaptation measures

* It empowers farmers and workers