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Category FAQs Search : Fair Trade

Question: How does fair trade work? A brief introduction

Answer: Fair trade is a concept that was born out of a desire to create parity for farmers, growers, and producers in the developing world.

When you buy fair trade products, you can enjoy peace of mind. You know that the person or people who were responsible for creating the garments or products you’ve purchased have been paid a suitable wage and that they work in appropriate conditions.

Fair trade addresses many of the issues that arise as a result of unfair market competition. The most important is enabling smaller producers and growers based in developing countries to compete on a level playing field. To participate in fair trade, you have to commit to paying sustainable prices, which cannot fall below the market value.

Traditionally, in the world of trade, big players are able to beat smaller companies because they have the power to charge less. Fair trade tips the balance, preventing discrimination against smaller sellers and those trying to earn a living in poorer, less developed communities.

Fair trade is not just about setting prices. It’s also a movement that aims to empower people. The fair trade model enables growers, producers, and companies based all over the world to showcase their products and fulfill their potential. By offering farmers the chance to reach out to customers in every corner of the globe, individuals and families can fight poverty and build a brighter future.

(Source: Sell Merch, 16 Apr 2021)

Source Link: https://sellmerch.org/how-does-fair-trade-work-the-pros-and-cons-of-fair-trade/