Sustainability News provided by 3BL
Fair Trade 101
Fair trade is a term used frequently in sustainable living circles but like many "green" words, there tends to be confusion as to its meaning. Fair trade is a sustainability concept and is an alternative way of doing business - one that builds equitable, long-term partnerships between consumers in North America and producers in developing regions.
Components of Fair Trade include:
• Fair wage.
• Fair working conditions.
• Open information exchanges between producers, consumers, and companies.
• Long-term trade relationships between corporations and producers.
• Practices that promote environmental protection and sustainable practices.
• Elimination of unnecessary middlemen between producers and consumers.
• Providing financial and technical assistance to producers whenever possible.
• Providing equal opportunities for advancement all people.
• Being open to public accountability.
• Ensuring the rights of children.
• Cultivating environmental stewardship.
• Respecting cultural identity.