Topics
Fair-Trade
Fair trade is 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 developing world.
Fair trade organizations pay producers a fair price for their products, which is based on the cost of production plus a fair margin for profit. This helps producers to cover their costs and invest in their businesses. Fair trade also requires that producers meet certain social and environmental standards. This helps to improve the working conditions of producers and protect the environment.
Fair trade is important because it offers a fair deal for farmers and workers in developing countries. It also helps to promote sustainable development by supporting small-scale producers and workers, protecting the environment, and promoting social justice.
Fair trade products are available in a variety of stores, including supermarkets, specialty stores, and online retailers. Consumers can look for the Fairtrade Mark on products to be sure that they are buying fair trade products.
See also
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4.3.3 Fairtrade Schemes (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints
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Fair Trade and Development
Study Notes
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Bananas and Strawberries - Demand and Supply in Action
27th February 2017
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Import Protectionism - Main Arguments Against
Study Notes
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Female cocoa farmers paid as little as 23p a day
24th February 2020
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Agriculture and economic development
Study Notes
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Beyond the Bike - Fair Trade lesson ideas
10th March 2016
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Fair Trade and Development
12th January 2013
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Doubts about Fair Trade
31st August 2014
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Australia lags in Commitment to Development Index
7th February 2015
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Beyond the Bike - conflict minerals and smartphones
1st October 2015