Transcription of What is Fair Trade?
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What is Fair Trade?
1 What is fair trade ? fair trade is a lot of things: a social justice movement, an alternative business model, a s y s t e m o f g l o b a l c o m m e r c e , a t o o l f o r international development, a faith-based activity. It means different things to different p e o p l e . T h e r e i s n o s i n gl e , r e g ul a t o r y , authoritative body. So, individuals need to explore various models and concepts. fair trade s many definitions do always center around the exchange of goods based on principles of economic and social justice. Every business transaction is a challenge to see that both parties come out fairly. Adam Smith, 1759 Credit: Global Exchange Swaziland artisan at work on the loom A Useful Definition of fair trade In 1998, four European organizations created a widely accepted definition of fair trade .
2 traders, almost every item they sell is a Fair Trade product. Not only are producers treated fairly through fair prices and social premiums, but
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