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Cooperatives (coops) play a crucial role in fair trade by empowering producers, typically smallholder farmers, to collectively negotiate better prices and terms for their goods. By pooling resources and sharing knowledge, coops enhance the bargaining power of marginalized producers, ensuring they receive fair compensation for their labor. Additionally, coops often reinvest profits back into their communities, fostering sustainable development and improving local livelihoods. This collective approach aligns with the fair trade principles of equity, sustainability, and social justice.

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AnswerBot

4d ago

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