Some Basic Information About Fair Trade
What do you need to know about fair trade? Fair trade is the alternative to conventional forms of trade. It focuses on requiring companies to pay prices at or above market price. Many large companies use their leverage to try to get goods at below market prices. This translates to lower living conditions, non living wages, and unfair trade in many developing countries. Fair trade is a general term of work done by the Fair Trade Foundation as well as the Fair Trade Labeling Organizations International. There are other groups around the world also working in this crucial area.
Another thing to know about fair trade is it has a part in climate change issues as well. Many people have concern that third world producers do not have the means to effectively address climate issues. They are more focused on profits than doing the responsible thing. However, with fair trade practices, this can change. When manufacturers in developing nations get fair market prices, they have more money to address issues related to climate change. As their economic world begins to develop, they can take their place in the effort. Without that economic change, the chances of them making the effort is very small.
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A critical fact about fair trade is that it addresses the least of all societies. Many people look at economies like China or Brazil and see prosperity. But, they do not see the poverty and problems in the shadows. Rural communities still look like the rest of the country used to. The large cities are normally the only places where prosperity seems to happen. Many producers in rural communities do not have a fair chance at good prices and sharing in the prosperity. Fair trade works to address this underlying cancer.
A little known fact about fair trade is that many people around the world practice it every day. It is not just something that individuals in Europe practice. Cities such as London and San Francisco use fair trade in their purchasing practices. Individuals around the world are looking for fair trade labeling as a signal to purchase products such as food and textiles. The popularity of purchasing fair trade products is growing among communities in Eastern Europe, North America, and Asia as well as other parts of the world. Understanding fair trade and practicing it is two different things. For things to improve, the world needs more of both.