Fair trade is the term that is used when describing a fair trade market or strategy in which producers operating out of developing areas of the world are given the opportunity to make fair exchanges and support the sustainability movement. This is thought to be a social movement. It encourages higher costs for exporters and promotes a new set of environmental and social guidelines.
There is not a single definition that is used when referencing this word. However, the common description is a practice in which equity is the goal, particularly when it comes to international exchanges. The market is based around transparency, dialogue and respect. Sustainability is a main part of the field. A central priority in the business is to better the benefits for manufacturers, countries and workers involved with this type of trade, especially those located in the Southern regions.
The field is primarily focused on exports from the developing countries to developed countries. The most notable things exchanged in this industry: flowers, cotton, tea, wine, honey, cocoa, bananas and chocolate. The initial attempts to commercialize goods using this title took place in the Northern markets in the 1940s and 1950s. It was primarily started by religious groups and non-government organizations that were politically oriented.
The two basic ways these items are traded and marketed: MEDC supply chain and product certification. MEDC refers to products that are distributed or imported solely via these trade organizations. Product certification relates to products that have been certified to guarantee compliance with all guidelines for this industry.
Most big organizations in this industry are certified through, or active members of, federations. These national and international federations are responsible for coordinating, facilitating and promoting the work of organizations in these types of markets. Some of the largest in operation: NEWS or The Network of European Worldshops, The World Fair Trade Organization, FLO or Fairtrade International, EFTA.
While there are supporters of this industry and its objective, there are many who have criticisms for the practice and the market itself. Ethics is a main issue associated with the field. Many people are concerned about the money that is being taken in from sales and not reaching the original producers. Co-op businesses and employees are receiving benefits that should be given to the manufacturers in developing countries.
Likewise, most of the consumers who make purchases of these specific products that are more expensive do so because they think that the money they use to buy the item is going to the poor producers in other countries. Other common concerns and criticisms presented: where the revenue is going, political motivations and agendas, no set standards and corruption. There are many people who support this movement and believe that the concept and the products are good.
The fair trade market is part of a new movement and approach in which emphasis is placed on improving transactions made by producers located in developing countries. It involves development of equity in trade deals and sustainability. Products that are distributed by way of such markets or organizations must meet all the special regulations that are in place. There are people who are for and against this type of setup.
There is not a single definition that is used when referencing this word. However, the common description is a practice in which equity is the goal, particularly when it comes to international exchanges. The market is based around transparency, dialogue and respect. Sustainability is a main part of the field. A central priority in the business is to better the benefits for manufacturers, countries and workers involved with this type of trade, especially those located in the Southern regions.
The field is primarily focused on exports from the developing countries to developed countries. The most notable things exchanged in this industry: flowers, cotton, tea, wine, honey, cocoa, bananas and chocolate. The initial attempts to commercialize goods using this title took place in the Northern markets in the 1940s and 1950s. It was primarily started by religious groups and non-government organizations that were politically oriented.
The two basic ways these items are traded and marketed: MEDC supply chain and product certification. MEDC refers to products that are distributed or imported solely via these trade organizations. Product certification relates to products that have been certified to guarantee compliance with all guidelines for this industry.
Most big organizations in this industry are certified through, or active members of, federations. These national and international federations are responsible for coordinating, facilitating and promoting the work of organizations in these types of markets. Some of the largest in operation: NEWS or The Network of European Worldshops, The World Fair Trade Organization, FLO or Fairtrade International, EFTA.
While there are supporters of this industry and its objective, there are many who have criticisms for the practice and the market itself. Ethics is a main issue associated with the field. Many people are concerned about the money that is being taken in from sales and not reaching the original producers. Co-op businesses and employees are receiving benefits that should be given to the manufacturers in developing countries.
Likewise, most of the consumers who make purchases of these specific products that are more expensive do so because they think that the money they use to buy the item is going to the poor producers in other countries. Other common concerns and criticisms presented: where the revenue is going, political motivations and agendas, no set standards and corruption. There are many people who support this movement and believe that the concept and the products are good.
The fair trade market is part of a new movement and approach in which emphasis is placed on improving transactions made by producers located in developing countries. It involves development of equity in trade deals and sustainability. Products that are distributed by way of such markets or organizations must meet all the special regulations that are in place. There are people who are for and against this type of setup.
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