What is Fair Trade?
Fair Trade minimizes the exploitation of producers. It provides a safe workplace for workers and farmers in developing countries and ensures a fair return for their labor. Fair Trade enables a respectable livelihood, creates a balanced relationship between producers and businesses, reduces environmental degradation and enables a sustainable, just society.
According to FINE, an informal association of the four main fair trade networks (FLO, WFTO, Network European Worldshops (NEWS!),European Fair Trade Association (EFTA)) “Fair Trade is a trading partnership, based on dialogue, transparency and respect, which seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalised producers and workers – especially in the South. Fair Trade organisations (backed by consumers) are engaged actively in supporting producers, awareness raising and in campaigning for changes in the rules and practice of international trade.”
Justice is the key to fair trade, for a fair reward for work. To achieve the objectives:
- Protect the farmers and workers in developing country by provided a suitable working environment and reward
- Establish a fair relationship between producers and businessman, and minimize the exploitation of producers, which can help improve their living standard and allow for development
- Embrace justice in the international trade