Benefits Of Fairtrade

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QUESTIOM ONE

Fairtrade is a social movment that benefits organizations and consumers as well. After you have read through this answer you will know some of these benefits. Fairtrade is a social movement that’s organized in the pursuit of promoting sustainability and achieving improved trading conditions in third world countries. Members from fair trade demand(encourage) better environmental and social standards , and an increase in prices to exporters. Fairtrade focuses on commodities in particular, or items that are usually exported to developed countries from third world countries, but consumed in domestic markets as well like honey, sugar, coffee, wine, bananas, chocolate, cotton, tea and gold. Fairtrade promotes improved equity in international trading partnerships through transparency, dialogue and respect. Sustainable development is promoted by securing the …show more content…

Fair trade international is also jointly owned and managed by certified producers. Producers are able to influence the overall strategy, premiums, prices and standards through fair trade internationals board, its consultation processes and commitees. Stable prices: there is a fairtrade minimum price that’s set to cover the cost of production sustainability, even when prices fall in the world market drop. Empowerment of farmers and workers: farmer groups must be certified by having visible administration and democratic basis and structure. There must be representatives of workers on the committees that decide how to use the premium from fair trade. Fair trade supports both groups to develop in this area. A Fairtrade Premium: the premium helps them create a better life for themselves. It is paid in addition to the agreed upon fair trade price, and they choose democratically how to spend it. Usually they spend it on health care, education, processing facilities or farm improvments to improve

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