Definitions for fair trade
fair trade

Princeton's WordNetRate this definition:0.0 / 0 votes

1. fair tradenoun

   trade that is conducted legally

2. fair tradenoun

   trade that satisfies certain criteria on the supply chain of the goods involved, usually including fair payment for producers; often with other social and environmental considerations

WiktionaryRate this definition:0.0 / 0 votes

1. fair tradenoun

   A system of trading promoting more equitable global trade, especially to sellers and producers in poorer areas, but also to the environment.

WikipediaRate this definition:0.0 / 0 votes

1. Fair trade

   Fair trade is a term for an arrangement designed to help producers in developing countries achieve sustainable and equitable trade relationships. The fair trade movement combines the payment of higher prices to exporters with improved social and environmental standards. The movement focuses in particular on commodities, or products that are typically exported from developing countries to developed countries but is also used in domestic markets (e.g., Brazil, the United Kingdom and Bangladesh), most notably for handicrafts, coffee, cocoa, wine, sugar, fruit, flowers and gold.Fair trade labelling organizations commonly use a definition of fair trade developed by FINE, an informal association of four international fair trade networks: Fairtrade Labelling Organizations International, World Fair Trade Organization (WFTO), Network of European Worldshops and European Fair Trade Association (EFTA). Fair trade, by this definition, is a trading partnership based on dialogue, transparency and respect, that seeks greater equity in international trade. Fair trade organizations, backed by consumers, support producers, raise awareness and campaign for changes in the rules and practice of conventional international trade.There are several recognized fair trade certifiers, including Fairtrade International (formerly called FLO, Fairtrade Labelling Organizations International), IMO, Make Trade Fair, and Eco-Social. Additionally, Fair Trade USA, formerly a licensing agency for the Fairtrade International label, broke from the system and implemented its own fair trade labelling scheme, which expanded the scope of fair trade to include independent smallholders and estates for all crops. In 2008, Fairtrade International certified approximately (€3.4B) of products.On 6 June 2008, Wales became the world's first Fair Trade Nation; followed by Scotland in February 2013. The fair trade movement is popular in the UK, where there are over 500 Fairtrade towns, 118 universities, over 6,000 churches, and over 4,000 UK schools registered in the Fairtrade Schools Scheme. In 2011, more than 1.2 million farmers and workers in more than 60 countries participated in Fairtrade International's fair trade system, which included €65 million in fairtrade premium paid to producers for use developing their communities.Some criticisms have been raised about fair trade systems. One 2015 study concluded that producer benefits were close to zero because there was an oversupply of certification, and only a fraction of produce classified as fair trade was actually sold on fair trade markets, just enough to recoup the costs of certification. A study published by the Journal of Economic Perspectives however suggests that Fair Trade does achieve many of its intended goals, although on a comparatively modest scale relative to the size of national economies. Some research indicates that the implementation of certain fair trade standards can cause greater inequalities in some markets where these rigid rules are inappropriate for the specific market. In the fair trade debate there are complaints of failure to enforce the fair trade standards, with producers, cooperatives, importers, and packers profiting by evading them. One proposed alternative to fair trade is direct trade, which eliminates the overhead of the fair trade certification and allows suppliers to receive higher prices much closer to the retail value of the end product. Some suppliers use relationships started in a fair trade system to autonomously springboard into direct sales relationships they negotiate themselves, whereas other direct trade systems are supplier-initiated for social responsibility reasons similar to a fair trade systems.

ChatGPTRate this definition:0.0 / 0 votes

1. fair trade

   Fair trade refers to a global movement and economic model that emphasizes ethical and socially responsible production and purchasing practices. It aims to create a more equal and sustainable world by establishing fair prices, promoting safe working conditions, practicing environmental sustainability, and helping producers in developing countries achieve better trading conditions and sustainable livelihoods. The movement also discourages child labor, encourages gender equality, and supports the rights of marginalized workers. Organizations involved in fair trade often carry certifications to assure customers of their commitment.

WikidataRate this definition:0.0 / 0 votes

1. Fair trade

   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.

Matched Categories

1. • Trade

Anagrams for fair trade »

1. trade fair

How to pronounce fair trade?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say fair trade in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of fair trade in Chaldean Numerology is: 1

2. Pythagorean Numerology

   The numerical value of fair trade in Pythagorean Numerology is: 1

Examples of fair trade in a Sentence

1. Doug Erickson:

   I think a lot of farmers are feeling the pain right now, but I think a lot of them understand it’s important for America overall to have fair trade relationships.

2. Ivan Png:

   Just as in developed countries, fair trade coffee and clothing has gained traction, we need to have the same certification for palm oil products and paper products.

3. Jim Mattis:

   Those shared principles include respect for sovereignty and independence... peaceful resolution of disputes without any coercion, free and fair trade and investment without practicing predatory economics against poorer countries trying to develop.

4. Hugh Jackman:

   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.

5. Kevin Brady:

   I have a lot of confidence that the president, in face-to-face meetings with President Xi, could develop the right fair-trade and lasting-trade framework going forward.

References

1. ^ Princeton's WordNet
   http://wordnetweb.princeton.edu/perl/webwn?s=fair trade
2. ^ Wiktionary
   https://en.wiktionary.org/wiki/Fair_Trade
3. ^ Wikipedia
   https://en.wikipedia.org/wiki/Fair_Trade
4. ^ ChatGPT
   https://chat.openai.com
5. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=fair trade