What is Fair Trade?
In the most basic terms - fair trade is an equitable, long-term relationship between trading partners, and a way to ensure low-income artisans are truly being helped out of poverty.
Fair trade is a growing movement to help low-income artisans in developing countries move towards economic self-sufficiency. It promotes sustainability on all levels and creates opportunities to alleviate poverty. Artisans receive fair wages, education, financial and technical assitance, and have safe working conditions. Fair trade organizations like WorldFinds pre-pay 50% for their products upfront, and work closely with the artisans on design and quality. Fair trade is about respectful relationships and is having a positive impact on the lives of thousands of artisans. It is starting to make the world a better place.
It is also a long-awaited alternative to traditional trade and a way to effect real social change!
WorldFinds ensures that we:
- pay a fair wage in the local context
- support safe, healthy & participatory workplaces
- provide 50% pre-payment for orders placed
- build long-term relationships
- provide ongoing education and training
- ensure environmental sustainability
- provide equal opportunities for all people, particularly the most disadvantaged
- respect cultural identity
- build long-term, direct relationships
There are 9 Principles of Fair Trade recently adopted by the Fair Trade Federation, and soon there will be explicit practices on how those principles can be achieved. For additional information about fair trade, check out these organizations:
Fair Trade Federation
World Fair Trade Organization