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Fair Trade
Fair trade is an agricultural economic practice that ensures producers from poorer countries or are poor themselves get fair prices on the crops and livestock they sell. Information on fair trade can be shared here.
689 Questions
What is the advanteges of fair trade?
the advantages of fair trade are that you get something good for trading something good there are no scams like i have a friend who's brother told her that a nickel is more then a Leonie so she gave him the Leonie and got a nickel in return
by the way she was like 3
How can fair trade help cocoa farmers in developing countries?
Fair-trade gives a fair price for the farmers who grow the cocoa, this is so they can have enough to live on (inputs for their farms, school fees, medicine, doctor's fees, transport and clothes, ect.) plus a profit to spend or save.
In some cases, money from fair-trade is used for development projects in developing countries.
Most cocoa growing countries are mostly in less economically developed countries so they would need more help for development which fair-trade can provide to them.
Who benefits from the Fair trade mark?
The Farmers who farm the Fair trade product, benifit because they earn more money than with a company that is not fair trade.
What do farmers benefit fom fair trade?
Farmer benefit from fair trade since they can receive more payment for a better quality of goods. Fair Trade promises farmer better wages for their production of goods. This benefits farmers in poor, developing countries. This way farmers get more pay for goods. Now farmers can support their family.
Does free trade equate to fair trade?
It exists in namesake, but not in actuality. The organizations that have been established to support and reinforce free trade actually contain stipulations and loopholes for some barriers. Even NAFTA admits that it removed "most barriers" to free trade. More and more countries have set up free trade agreements but they only apply to certain countries and not others, and they also apply to certain limited goods and not all goods. Therefore, in reality, free trade does not really exist.
Disadvantages of fair trade for farmers?
The productsmay not taste as good. You may pay a lt of money for it but the person who needs the money most may not get it
Reasons why fair trade is not fair?
maybe because not all the farmers in developing countries can benefit and be part of it... Im not sure, this is just a suggestion, however there are lots of logic reasons for which fair trade cannot be inclusive for all the farmers, one of this reason is because otherwise all the farmers would produce food to export and not to local consumption, worsening the food security and the balance of payment of poor countries (who would have to import food themselves).
I dont agree fair trade is the best thing that could ever happen. Think of all the kids that are slaves like seriously wow.
What does the fair trade symbol mean?
Many people never think about what the fair trade mark means, thinking its just a sign that makes people think about Fair Trade. But there is more to the blue, green and black symbol than people think. The fair trade mark shows that the product it is on is "Fair Trade certified" meaning that it has been grown and produced from a fair trade farmer and this trade mark has been copy righted so that unless they are actually produced from a fair trade farmer and cannot be forged by any farmers who are not from fair trade. The mark of Fair Trade is used in over 50 countries around the world.
Difference between world trade and fair trade?
Fair trade is something for our 3rd world. When you buy something like fair trade chocolate the poor people who make the cocoa beans are guaranteed the same good money every time. So the poor people never go too hungry if the price of cocoa beans dropped because they will be payed the same.
Generally world trade is just the world trading. Like we cannot grow grapes so France would grow them and we will trade with France and other countrys for other objects for something that we grow or our money.
A fair trade commodity (cotton, coffee, apples, or whatever) is produced, harvested, and transported by people who receive a fair living wage for their work.
In some circumstances, monopoly enables a company to keep wages in an area unreasonably low; so farmers, for example, might be almost slaves, for what little they get in return for their crops. That would not be fair trade.
What was life like before fair trade?
people got little pay, so they could barely buy food and clothing. But after fair trade was introduced, people are getting paid more so that children can afford to go to school.
fairtrade exists so that farmers that grow the food can get a good amount of money for it.
so that people who grow certain foods get the right amount of money they should.
How does Fair Trade help farmers?
It gives them a fairer price to avoid exploitation because without it farmers would be forced to sell at a lower price because the buyers can easily shop elsewhere
fair trade is good because people who engage in it also aim to pay their workers a fair price. fair trade is not bad but very good
Why are fair trade products more expensive to buy?
Fair trade ensures the workers who make/find the products have enough money to work in humane conditions and get paid the right amount of money for the work they do and the hours they work.
What are the advantages and disadvantages of fair trade?
The advantage is, the grower/ supplier receives better money, hopefully being able to afford a more secure future for themselves and their workers/ families.
The disadvantage is, you pay extra for a fair trade product.
I expect a further disadvantage is much of the extra you have to pay may not go entirely to the grower/ supplier. It could be siphoned off by middlemen, e.g. transporters.
