fair trade part 2

Fair trade:

The fair trade foundation, based in the uk, was set up to help alleviate poverty among farmers and workers in areas around the world where they do not receive a fair price on the products they produce.

In the areas fair-trade helps the products which are produced are allowed to have the fair-trade label on them.

There are standards which need to be met to be able to have the fair-trade label. They are called sustainable development, social development, economic development and environmental development.

Producers and traders must make sure that standards are met.

Ensuring a fair and stable price is reached.

Investing in projects that enhance social, economic and environmental development.

Emphasising the idea of partnership between traders and producers.

Making sure that trading relationships are mutually beneficial and long-term.

The range of products is also growing.

Composite products, such as clothing can also be labelled fair-trade if they are made from high enough percentage of fair-trade cotton may have non- fair-trade buttons stitching or thread.