Fair Trade is a social movement and market-based approach that aims to help producers in developing countries achieve better trading conditions and promote sustainable practices. Here’s an overview of Fair Trade:
1. Definition of Fair TradeFair Trade refers to a trading partnership, based on dialogue, transparency, and respect, that seeks greater equity in international trade. It focuses on better prices, decent working conditions, local sustainability, and fair terms of trade for farmers and workers in the developing world.
Fair Trade is a way of buying and selling things that helps people who make products like coffee, chocolate, and bananas. It makes sure they get a fair price for their work so they can live a better life.
Why is Fair Trade Important?Fair Prices: When people buy Fair Trade products, the farmers and workers who made them get paid fairly. This means they have enough money to take care of their families.
Good Working Conditions: Fair Trade also makes sure that the people who work on farms and in factories have safe and clean places to work. Kids aren’t allowed to work; instead, they should go to school.
Helping the Environment: Fair Trade encourages farmers to take care of the earth by using farming methods that don’t harm the environment.
