We get asked all the time, what is fair trade?
10 Principles of Fair Trade
1. Creating Opportunities for Economically Disadvantaged Producers
2. Transparency and Accountability
3. Fair Trading Practices
4. Payment of a Fair Price
5. Ensuring No Child Labour and Forced Labour
6. Commitment to Non Discrimination, Gender Equity and Women’s Economic
Empowerment and Freedom of Association
7. Ensuring Good Working Conditions
8. Providing Capacity Building
9. Promoting Fair Trade
10. Respect for the Environment
At Little Trove, we practise these principles of fair trade enunciated by the World Fair Trade Organisation.
Fair trade is about using trade to support and develop producers and communities in the developing world to improve their living standards. Fair trade is about putting the “fair” back into business so that workers get better prices, decent working conditions, respect, dignity and fair terms when they sell their products.
What’s been happening in the world is that in order to make more profit, companies have not only been making goods in developing countries but their primary interest has been to buy as cheaply as they can. That way they can sell the products in the West and make the most profit. When profit or making money is the primary reason for the trade transaction, the workers’ interests are not considered. Prices are driven down, workers live hand to mouth and often work in difficult conditions. Generally there’s no support for their personal development.
Fair trade is about getting alongside workers and helping them grow.
Thinking about the environment, fair trade is also about protecting the environment in which we live and work. That means thinking about what raw materials are used, how production processes can be improved and how waste is minimised and managed.
As a fair trade company, Little Trove is committed to doing business the fair way!
We hope this answers your question on “what is fair trade”. If you want to find out more, we would be happy to help. Just give us a call or email. If you would like us to talk about fair trade to your friends, family or colleagues, our founder and Managing Director, Ramona, will be happy to do so. She has spoken at many events.
We also do a lot of other good stuff and would like to share it with you.