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Workshop26

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Workshop26

  1. 1. Is Fair trade fair? Discuss the case for and against the establishment of fair trade initiatives.
  2. 2. What is Fairtrade? • Fairtrade is a financial relationship between producers, sellers, and consumers based on the principle of equity within the exchange of goods. • It is about better price, decent working condition ,local sustainability and fair terms of trade for farmers and workers in the developing world.
  3. 3. Principles Fair trade is mainly based on the nine following principles: • Create opportunities for economical and socially marginalized producers. • Develop transparent and accountable relationship. • Build capacity. • Promote Fair trade. • Pay promptly and fairly. • Support safe and empowering working conditions. • Ensure the right of children. • Cultivate environmental stewardship. • Respect cultural identity.
  4. 4. Merits • Help consumer to be reassured about the way in which fair trade products are traded. • Provide best price to both producer and consumer. • Elimination of middle man.
  5. 5. Demerits • Put Extra pressure on the big company for anti competitive practice. • Using of cheap labour cost by westerns countries • U.K still now sometime does not serve the purpose. Belfair’s management Ltd V Suther
  6. 6. Why Fairtrade? • It is something that gives us an impression that the trade hold be done equally. • It comprise both social, economical, and environment requirements which which procedures must met to be certified
  7. 7. Conclusion • This Approach give opportunity to the grass root producers. • And consumer rights are protected. • So, we should well-come this approach.
  8. 8. Thank You

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