What in the World is Fair Trade?
More and more products claim that they are “Fair Trade” products… so what does that mean?
Wikipedia defines Fair Trade as a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers – especially in the South. Fair Trade Organizations, backed by consumers, are engaged actively in supporting producers, awareness raising and in campaigning for changes in the rules and practice of conventional international trade.
So in plain english… Fair Trade means that your purchase was made by “marginalized” (usually third world) workers or producers, and they were paid a fair market price for their goods. It also means that you are helping to support the growth of sustainable economies world wide.
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