What is Fair TradeWritten by dipen
Home » Business and Economy
Fair trade is all about providing a better working condition to workers, offering good prices, sustainability and offering good terms for workers and farmers in developing economies to rise and sustain themselves. In developing economies, the elite class looks for profit and offer really cheap rates to the working class and the lower class for their services. The rich thus get richer and the poor poorer. Conventional trade is just unfair for such people, and fair trade looks to address such problems and put farmers and lower class workers to sustain their lives and be in charge properly of what’s happening around them.
The main principles of fair trade are based on the following grounds:
- Providing a decent wage to workers with which they can sustain their expenses.
- Direct dealing between the producer and the purchaser so as to eliminate distributors who charge commission.
- Better and more secure working environment.
- Ensuring sustainability.
- Regarding different cultures in the same light and respecting all.
- Playing a part to ensure overall development of the community.
- Providing good opportunities to the marginalized sections of the society.
The fair trade was a sort of a movement which started in the 1940s due to joint effort of religious groups and NGOs. The nature of the goods being produced by the workers was generally artistic artifacts or handicraft work. By buying from such people directly, and giving them an appropriate rate for their work, we can provide people with a good livelihood.
A few features of Fair Trade which should be brought to everyone’s notice are that Fair Trade in engaged in social developmental work like providing schools, doctors, hospitals etc to poor people living in developing or under developed countries. These are basic human right any person must have but generally are devoid of. Child labour is strictly prohibited under Fair Trade since children have the right to study till the age of 14 (age varies in different countries) before they should work. Also, good working conditions for women as well as equal employment opportunities for them are the prime concerns under Fair Trade. Further, Fair Trade gives impetus to produce goods which are nature’s produce and organic in nature. Such activities can contribute a lot towards minimizing the damages to our ecosystem.
By buying goods from Fair Trade, you are supporting the development of developing nations and the workers who produce such goods. You are supporting the basic human rights by paying the right price for the efforts and services of the worker who has produced the goods. The ultimate goal of Fair Trade is to create this Earth a better place for such workers to live in.