What are the basic principles of fair trade?

Fair Trade Principles

  • Long-Term Direct Trading Relationships.
  • Payment of Fair Prices.
  • No Child, Forced or Otherwise Exploited Labor.
  • Workplace Non-Discrimination, Gender Equity, and Freedom of Association.
  • Democratic & Transparent Organizations.
  • Safe Working Conditions & Reasonable Work Hours.

What are the 4 parts of fair trade?

Fair Trade standards, according to Fair Trade USA include: The right to safe working condition. Sustainable production and farming practices. Improved working conditions. Better prices and wages for farmers and workers.

What is the main purpose of fair trade?

Fairtrade Standards ensure fairer terms of trade between farmers and buyers, protect workers’ rights, and provide the framework for producers to build thriving farms and organizations.

What are the main product categories of fair trade?

The Fairtrade certification system covers a growing range of products, including bananas, honey, coffee, oranges, Cocoa bean, cocoa, cotton, dried and fresh fruits and vegetables, juices, nuts and oil seeds, quinoa, rice, spices, sugar, tea, and wine.

How many fair trade principles are there?

10 Principles
WFTO prescribes 10 Principles that Fair Trade Organizations must follow in their day-to-day work and carries out monitoring to ensure these principles are upheld: Principle One: Creating Opportunities for Economically Disadvantaged Producers Poverty reduction through trade forms a key part of the organization’s aims.

What are 5 requirements for Fairtrade certification?

All businesses that work with us are held to rigorous fair trade standards, which drive income sustainability, community and individual well-being, empowerment, and environmental stewardship. They include requirements around worker’s rights, fair labor practices, and responsible land management.

What is the fair trade process?

How does Fairtrade work? Fairtrade puts more money into the hands of farmers and workers through a unique pricing model, sets and monitors rigorous standards at every step of the supply chain, supports producers through local and regional expert networks, and creates demand for ethical goods in countries like the US.

What are two benefits of fair trade?

Fair trade can fight poverty, climate change, gender inequality and other forms of injustice. Fair trade seeks greater equity in international trade. Fair trade contributes to sustainable development by offering better trading conditions to marginalized producers and workers.

How does Fairtrade benefit a business?

Stable business relationships with suppliers: Fairtrade fosters long-term trading partnerships, and empowers producers through training and support to increase quality and responsiveness to market trends.

What are 5 requirements for fair trade certification?

What are the characteristics of Fairtrade?

Characteristics of fair trade include fair wages, cooperative workplaces, consumer education, environmental sustainability, direct trade, financial and technical support, community development, respect for cultural identity, and public accountability (transparency).

How is Fairtrade regulated?

Fair trade is not regulated by the government, however, a number of private organizations have developed fair trade monitoring systems. One of the largest fair trade monitoring organizations worldwide is Fairtrade International (FLO).

What is Fairtrade certification guarantee?

At Fairtrade, they are at the heart of everything we do. As a certification system that is 50% governed by producers, we are building a model of trade that ensures better prices, decent working conditions, no child labour, sound environmental practices, and strong business relationships.

What are 3 benefits of Fairtrade?

Benefits of Fairtrade for farmers and workers

  • Fairtrade farmers and workers are unique in earning a fair income.
  • Fairtrade farmers and workers have the power to invest in their communities.
  • Protecting the environment and staying healthy.
  • Fairtrade farmers are part of strong communities.
  • Fairtrade farmers are entrepreneurs.

What are 3 benefits of fair trade?

How is fair trade regulated?

Who regulates Fairtrade?

What is Fairtrade guarantee?

When shoppers check out a product carrying the FAIRTRADE Mark they are the most important link in the supply chain to the producers; this act of solidarity guarantees that producers receive extra income through the guaranteed price and additional premium to improve their businesses and develop their communities.

What is the concept of fair trade products?

A product with the FAIRTRADE Mark means producers and businesses have met internationally agreed standards which have been independently certified.

Who regulates Fair Trade Certified?

Fair Trade USA
Fair Trade USA is the official regulating body behind the fair trade certification process. Earning the Fair Trade Certified seal denotes that at least one ingredient in the product was produced and traded in accordance with standards set forth by Fair Trade USA.