Fair trade

related topics
{company, market, business}
{theory, work, human}
{food, make, wine}
{law, state, case}
{rate, high, increase}
{group, member, jewish}
{government, party, election}
{day, year, event}
{work, book, publish}
{school, student, university}
{black, white, people}

Fair trade is an organized social movement and market-based approach that aims to help producers in developing countries make better trading conditions and promote sustainability. The movement advocates the payment of a higher price to producers as well as social and environmental standards. It focuses in particular on exports from developing countries to developed countries, most notably handicrafts, coffee, cocoa, sugar, tea, bananas, honey, cotton, wine, fresh fruit, chocolate, flowers and gold.[1]

In 2008, products certified with FLO International's Fairtrade certification amounted to approximately US$4.08 billion (€2.9) worldwide, a 22% year-to-year increase.[2] While this represents a tiny fraction of world trade in physical merchandise,[3] some fair trade products account for 20-50% of all sales in their product categories in individual countries.[2] In June 2008, Fairtrade Labelling Organizations International estimated that over 7.5 million producers and their families were benefiting from fair trade funded infrastructure, technical assistance and community development projects.[4]

The response to fair trade has been mixed. Fair trade's increasing popularity has drawn criticism from both ends of the political spectrum. The Adam Smith Institute sees "fair trade" as a type of subsidy or marketing ploy that impedes growth. Segments of the left, such as French author Christian Jacquiau, criticize fair trade for not adequately challenging the current trading system.

Contents

Full article ▸

related documents
Mergers and acquisitions
Economy of Kenya
Emissions trading
Economy of Nigeria
Economy of Armenia
Stock market
Economy of Bolivia
Security (finance)
Kyoto Protocol
Economy of Egypt
Tesco
Leveraged buyout
Television licence
Dell
Economy of Japan
Common Agricultural Policy
Short (finance)
Gulf Oil
Economy of Indonesia
Marshall Plan
Economy of Germany
Ericsson
Renewable energy
Economy of South Africa
Insurance
Corporation
Commodity market
General Motors
Ford Motor Company
Economy of Comoros