Preview

What Is Fair Trade, and Why Should It Matter? Essay Example

Good Essays
Open Document
Open Document
602 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
What Is Fair Trade, and Why Should It Matter? Essay Example
WHAT IS FAIR TRADE, AND WHY SHOULD IT MATTER?

You've probably heard about Fair Trade, maybe even seen signs in supermarkets advertising some of their produce as Fair Trade grown. Well, everybody likes to think things are "fair," but just what is a Fair Trade grown product like coffee beans or tea?
The Fair Trade movement is based on a set of six principles including:
∑ Fair price: Democratically organized farmer groups receive a guaranteed minimum floor price and an additional premium for certified organic products. Farmer organizations are also eligible for pre-harvest credit.
∑ Fair labor conditions: Workers on Fair Trade farms benefit from freedom of association, safe working conditions, and a living wage. Forced child labor is strictly prohibited.
∑ Direct trade: With Fair Trade, importers purchase from Fair Trade producer groups as directly as possible, eliminating unnecessary middlemen and empowering farmers to compete in the global marketplace.
∑ Democratic and transparent organizations: Fair Trade farmers and farm workers decide democratically how to invest Fair Trade revenues.
∑ Community development: Fair Trade farmers and farm workers invest Fair Trade premiums in social and business development projects like scholarship programs, quality improvement training, and organic certification.
∑ Environmental sustainability: Harmful agrochemicals and GMOs are strictly prohibited, instead environmentally sustainable farming methods that protect farmers' health and preserve valuable ecosystems for future generations are rigorously used. Fair Trade gives small farmers in third-world countries a real chance to break the cycle of poverty and debt that has plagued them for generations. One of the principles of Fair Trade excludes the use of harmful chemicals and pesticides in farming – whether it is bananas, coffee, string beans, or any number of the myriad agricultural products grown for

You May Also Find These Documents Helpful

  • Good Essays

    In her opinion piece “Fair’s Fair For Farmers,” Caitlin Fitzsimmons contends in an urgent yet didactic fashion that many companies are misusing Fair Trade; only supportive for their personal gain. She begins with ‘there’s a good reason to buy Fair Trade,’ arguing that purchases would deter those producers from slavery and exploitation. She argues that the buyer should understand how to find legitimate products as well as the importance of economics within the Fairtrade company.…

    • 409 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Unit 12 P6

    • 916 Words
    • 3 Pages

    Wealth and foreign currency to local economies when they buy local products. The extra money created by this investment can be spent on education, health and infrastructure.…

    • 916 Words
    • 3 Pages
    Good Essays
  • Good Essays

    The small but ever growing social movement, fair trade, attempts to oppose commodity fetishism and provide another option for the capitalist society is obstructed by the differences among all the participants of fairtrade in terms of their perceptions, intentions and interpretations of what constitutes “fair”. According to Kharel and Middendorf (2015) There are many differences among all the participants of fair trade at all levels in terms of their perceptions and interpretations of fair trade” (p. 255). Firstly there are certifying organizations such as FLO (Fairtrade Labelling International) and WFTO (World Fair Trade Organization) that act as governing bodies. These organizations developed a “Charter of fair trade principles” to relay a consistent definition and guidelines of those pursuing fair trade activities…

    • 841 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Free trade, interchange of commodities across political frontiers without restrictions such as tariffs, quotas, or foreign exchange controls. This economic policy contrasts with protectionist policies that use such restrictions to protect or stimulate domestic industries. In this article I will discuss the positive and negative effects of free trade. Trade can lead to an improvement in overall economic welfare if countries specialize in the products in which they have a production advantage. Trade allows businesses to exploit economies of scale by operating in international markets. International competition stimulates higher efficiency and reduces monopoly power. Trade enhances consumer choice and international competition between suppliers helps to keep prices down. Trade in ideas stimulates product and process innovations that generates better products for consumers and…

    • 782 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Fresh Start Organics

    • 1059 Words
    • 5 Pages

    Fresh Start Organics stand in an OLIGOPOLIC market where they have several consumers and belong in the stringent of small firms…

    • 1059 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Case Study

    • 2618 Words
    • 11 Pages

    Free trade is the only type of truly fair trade because it offers consumers the most choices and the best opportunities to improve their standard of living. It fosters competition, spurring companies to innovate and develop better products and to bring more of their goods and services to market, keeping prices low and quality high in order to retain or increase their market share.…

    • 2618 Words
    • 11 Pages
    Powerful Essays
  • Good Essays

    Equal Exchange Term Paper

    • 801 Words
    • 4 Pages

    | 1. Trade directly with democratically organized small farmer cooperatives 2. Money from Fair Trade help build schools, day care centers and carpentry workshops 3. Provides high-quality food products…

    • 801 Words
    • 4 Pages
    Good Essays
  • Good Essays

    What does the fair trade label mean? Organizations like the U.K. 's Fair Trade Foundation and TransFair Canada certify products which meet the principles of the fair trade system. Fair trade means products are purchased directly and at a fair price from small family growers and co-operatives that do not rely on hired or illegal forced labour. Growers receive a minimum guaranteed price that covers real production costs, regardless of how low world market prices fall. Fair trade also promotes sustainable agricultural practices which use minimal or no pesticides. On small, family-owned farms, cocoa plants are usually inter-cropped.…

    • 397 Words
    • 2 Pages
    Good Essays
  • Better Essays

    Community Connection

    • 1651 Words
    • 3 Pages

    are many different options in the aspect of what the farmer could put into the ground. Monsanto and…

    • 1651 Words
    • 3 Pages
    Better Essays
  • Powerful Essays

    Conventional vs Organic

    • 1969 Words
    • 8 Pages

    Organic farming had not played a role in the market in the previous years, yet today it is common in grocery stores around the country. Organic farming refers to the way farmers grow and process agricultural products, such as fruits, vegetables, grains, dairy products and meat. Organic farming is also constantly referred to as healthy, smart, beneficial, and ecofriendly but these are words used in advertisement ploys ran by large organic corporations. For centuries organic farming had been practiced, however, conventional technology has allowed us to further our reaches. Conventional Synthetic fertilizers along with pesticides, herbicides and fungicides are all in the lime light today for the job they’ve been performing for years, they’ve allowed us to grow more and faster for our ever growing population. In studying conventional versus organic farming we find out which method is the most efficient, by analyzing modern marketing ploys, yield rates and agricultural sprays.…

    • 1969 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    This is the freedom to trade in a particular country versus regulated. For example IKEA a Swedish company is allowed to import its furniture into to the UK without being taxed. IKEA specialises in furniture production and Free trade with the UK enables to specialisation in the production furniture to continue s in which they have a comparative advantage. With specialisation they are able to take advantage of efficiencies generated from economies of scale and increased output. Consumers in the UK benefit in the domestic economy as they can now obtain a greater variety of good and modern furniture from IKEA.…

    • 864 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    Jessica VEAL

    • 287 Words
    • 2 Pages

    opponents of fair trade have been calling for stricter standards and higher fair trade prices. Some…

    • 287 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Why fair trade? I like to feel I am doing my bit when it comes to helping support others and protecting this beautiful planet of ours.…

    • 1068 Words
    • 5 Pages
    Good Essays
  • Good Essays

    Switching to the fair trade method, now the farmers could live by the sweat of their own brow, not relying on handouts but earning a fair wage for the work they did. Since fair trade programs have been introduced, the excess profits have been used in the farmers' communities as well, helping to promote organic farming, building schools and clinics, and promoting the teaching of new community leaders.…

    • 534 Words
    • 3 Pages
    Good Essays
  • Good Essays

    From the large growth of agriculture brings great economic, social and environmental advancements but breeds some negative habits and troubles that we have to deal with quickly, before it is too late. With the population rapidly increasing, agriculture provides great job opportunities. While this is great for unemployed seeking opportunities from large corporations, small farmers are slowly being overrun by the neat, checkerboard fields of these businesses. "She never saw the big tractor coming. First it plowed up her banana trees. Then her corn. Then her beans, sweet potatoes, cassava. Within a few, dusty minutes the one-acre plot near xai-xai, mozambique, which had fed Flora Chirime and her five children for years, was consumed by a Chinese…

    • 1040 Words
    • 5 Pages
    Good Essays