A system of trading promoting more equitable global trade, especially to sellers and producers in poorer areas, but also to the environment.
Fair trade is an organized social movement that aims to help producers in developing countries to make better trading conditions and promote sustainability. It advocates the payment of a higher price to exporters as well as higher social and environmental standards. It focuses in particular on exports from developing countries to developed countries, most notably handicrafts, coffee, cocoa, sugar, tea, bananas, honey, cotton, wine, fresh fruit, chocolate, flowers, and gold. There are several recognized Fairtrade certifiers, including Fairtrade International, IMO and Eco-Social. Additionally, Fair Trade USA, formerly a licensing agency for the Fairtrade International label, broke from the system and is implementing its own fair trade labelling scheme, which has resulted in controversy due to its inclusion of independent smallholders and estates for all crops. In 2008, products certified with Fairtrade International's Fairtrade certification amounted to approximately US$4.98 billion worldwide, a 22% year-to-year increase. The Fair trade industry does not reveal how much of this is the extra price charged for Fairtrade goods, or how much of the extra price reaches the producer. Fairtrade branding has extended beyond food and fibre, a development that has been particularly vibrant in the UK where there are 500 Fairtrade Towns, 118 Fairtrade universities, over 6,000 Fairtrade churches, and over 4,000 UK schools registered in the Fairtrade Schools Scheme.
The numerical value of fair trade in Chaldean Numerology is: 1
The numerical value of fair trade in Pythagorean Numerology is: 1
Sample Sentences & Example Usage
Are there any Fair Trade Laws applicable in the exchange of 'An Eye for an Eye' and a 'Tooth for a Tooth'?
I don't think I knew how going to Ethiopia would affect my life, through a very simple choice of buying fair-trade coffee, we can take part in change.
That will be good for the global steel industry, we are working actively with other peers to make sure there's a fair trade environment in the markets in which we operate.
This TPP sets the gold standard in trade agreements to open free, transparent, fair trade, the kind of environment that has the rule of law and a level playing field, and when negotiated, this agreement will cover 40 percent of the world's total trade and build in strong protections for workers and the environment.
I lead hundreds of people on chocolate tours, and on every tour someone asks me about ‘fair-trade,’ big businesses especially want to be seen as doing good, as having a ‘likable personality,’ because they face greater competition from smaller businesses who often do have a face and personality behind their brand.
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