• Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

Fair Trade

Extracts from this document...


What is Fair Trade? Fairtrade does what it says on the label; it guarantees a better deal to producers in the developing world. This means a stable price which covers their production costs, along with a premium that their organisation will be able to reinvest either in the business or social and environmental schemes among the wider community. Too many farmers in the developing world have to contend with fluctuating prices that may not even cover what it costs to produce their crop. So Fairtrade can make a big impact on their day-to-day life. And on their future and that of their family. The need for fair trade International trade may seem a remote issue, but when commodity prices fall dramatically it has a catastrophic impact on the lives of millions of small scale producers, forcing many into crippling debt and countless others to lose their land and their homes. ...read more.


world shops and catalogues, the charities offered consumers the opportunity to buy products which were bought on the basis of a fair trade. This worked well, and hundreds of small poor farmers were able to get back on their feet and trade their way out of poverty with a renewed sense of pride. The Fairtrade Foundation has a partnership agreement and shares a common definition of fair tradewith such alternative trading organisations. But there was a limit to how many producers could benefit with fair trade sales limited to such niche outlets - not normally associated with food goods. The FAIRTRADE Mark In order to generate greater sales on fair trade terms for the benefit of many more disadvantaged and marginalised producers it was important to get commercial manufacturers involved, and to get fair trade into the supermarket where most people do their shopping. ...read more.


International, was set up in April 1997. One of its aims is to see the introduction of a single international Fairtrade label. The national initiatives retain responsibility for marketing and promoting Fairtrade in their respective countries. A table to show the fair trade produce, produced in different countries. Cocoa Coffee Fresh fruit and juice Belize Bolivia Dominican Republic Ghana Cameroon Colombia Costa Rica Dominican Republic Guatemala Haiti Indonesia Mexico Nicaragua Peru Rwanda Tanzania Uganda Papua New Guinea Brazil Costa Rica Cuba Dominican Republic Ecuador Ghana Windward Islands Honey Sugar Tea Chile Mexico Uruguay Malawi Paraguay India Kenya Sri Lanka Tanzania Uganda Fair Trade is involved in making sure people in L.E.D.C's make their money from their cash crops or goods without being extorted by their buyers (the big wholesalers). Fair Trade ensures that they receive the money the deserve for their crops. Fair Trade is involved in making sure workers who stitch trainers or footballs are not extorted an work in the right conditions and Fair Trade helps a lot of people all over the world. Daniel Wendon ...read more.

The above preview is unformatted text

This student written piece of work is one of many that can be found in our AS and A Level UK, European & Global Economics section.

Found what you're looking for?

  • Start learning 29% faster today
  • 150,000+ documents available
  • Just £6.99 a month

Not the one? Search for your essay title...
  • Join over 1.2 million students every month
  • Accelerate your learning by 29%
  • Unlimited access from just £6.99 per month

See related essaysSee related essays

Related AS and A Level UK, European & Global Economics essays

  1. Marked by a teacher

    ESSAY: Fair trade or free trade?

    5 star(s)

    The Posner technological gap theory illustrates this and argues in the same way. It says that because of international trade, firms enjoy monopoly in a new product which gives them a comparative advantage in foreign market. However, the product will be imitated and the advantage lost, therefore the firm will

  2. Flower Industry in Netherlands

    * Business protocol and communications Netherlands economic system is based on consensus, and problems are dealt at their roots to promote economic stability. The relationship between employees and employers is very stable as Netherlands has an old tradition of negotiation, which is often-seen in close and regular contacts between trade unions, employers' organizations, and government.

  1. International Trade - I have been asked to investigate the possibility of a company ...

    this was living in Afghanistan and in order for the USA to find him they had to bomb Afghanistan this lead to innocent lives being lost and a whole load of refugees leaving the country and inhabiting others. This was not good for the country, as the damage that they received would put dents in their already poor financial position.

  2. Where does the World Trade Organisation fit in the overall scheme of international public ...

    Central to the latter was a profound distrust of the market economy and a faith in government command-and-control mechanisms, operating intra and internationally.2 The NIEO fizzled out in the 1980s, and was well and truly buried by the collapse of the command economies and the end of the Cold War.

  1. Managing Environment - A report on investing in Ghana.

    In 2001, South Africa was listed as the second biggest investor in the SADC region with investment of R14.8 billion, and exports of approximately R34 billion into the continent. Figure 2: SA exports to Africa. Source: Martin Creamer's Engineering News 24-30 January 2003 COMPANY BACKGROUND Gateway Communications has positioned itself

  2. Asses the impact of trade liberalisation on Australia.

    The better the economic fundamentals and economic management are, and the more open the other markets are, the easier it will be to realise the benefits of being an open outward looking economy. Economic modelling tells us that if all remaining tariffs were to be removed, the more highly protected

  1. Emergency Economic Recovery Program From the United Nations International Report, Vol. I, no. A1

    They lunched with President Jean Bertrand Aristide, and met at length with private sector and government leaders to discuss investment possibilities. The US Department of Commerce, in a document titled Prospects for US Exports, which was distributed to the delegation, made it clear that the most attractive short-term opportunities will

  2. International debt - how should it be rectified in Ghana

    The problem however, has not gone unnoticed and various organisations within the developed world have differing views on how it should be dealt with. Despite it's roll as a business, the World Bank appreciates that Ghana's debt is an issue which must be addressed.

  • Over 160,000 pieces
    of student written work
  • Annotated by
    experienced teachers
  • Ideas and feedback to
    improve your own work