fair trade

Fair Trade is certainly a term that is being liberally used today by companies who understand that consumers have concerns about how products are produced. Ultimately, fair trade means adherence to principles such as a fair wage, as well as social and environmental standards. Fair trade companies must have transparency in how the business operates. Many modern countries have a government agency that monitors and regulates trade so companies all play by the same rules and adhere to appropriate wage and safety laws.

Fairtrade is about better prices, decent working conditions, local sustainability, and fair terms of trade for farmers and workers in the developing world. By requiring companies to pay sustainable prices, Fairtrade addresses the injustices of conventional trade, which traditionally discriminates against the poorest, weakest producers. It enables them to improve their position and have more control over their lives.