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Question: How does fair trade work? A summary

Answer: Today, there are over 1.6 million people involved in fair trade certified organizations and schemes in 73 different countries in the world. The fair trade model has evolved from early examples of buying from small-scale sellers on low incomes to creating an expansive network that provides opportunities for growers, farmers, and producers in every corner of the globe.

The concept of fair trade rewards people based on the produce they sell, rather than their country of origin or their social or economic status. By creating a level playing field, smaller operations can compete with large-scale corporations, and workers and growers reap the rewards of higher prices and minimum fees. There are drawbacks and benefits of fair trade like everything in life, but in the vast majority of cases, the positives far outweigh the negatives.

Over the years, fair trade has really taken off, and ethical, sustainable products are more popular than ever before. There’s a much wider range of items available, and the industry has diversified. Coffee, tea, and chocolate have always been popular, but fair trade fashion and beauty are trends that are gathering pace. As time passes, and studies suggest that consumers are willing to pay more for certified products, it seems as though fair trade will continue to grow and flourish.

(Source: Sell Merch, 16 Apr 2021)

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