Fair Trade is a movement established to support fair and sustainable trading relationships between producers, companies, and consumers. It empowers its people by building a better trading infrastructure for both the buyer and seller. Here is a list of how Fair Trade benefits both parties:
- Protects producers from risks of exploitive trades.
- Equitable prices, long-term contracts, and more sustainable livelihoods.
- Safer working conditions; prevents discrimination and child-labor in the workplace.
- Community development funding.
- Production premium quality products.
- Environmental protection.
- Better and longer trading relationships.
Many agricultural and non-agricultural products undergo the Fair Trade certification–cacao, banana, teas, textiles, and gold to name a few. However, the most well-established commodity is coffee. And Fair Trade is fixated in helping smallholder (family-owned) farmers so they can have access to international markets.
So, whenever you see the Fair Trade logo a bag of coffee at the grocery, you can be sure that the item meets strict social, environmental, and economic standards.