The term ‘fair trade’ has become widely recognised, but what does it actually mean?
Standards of Fair Trade include:
Fair Trade is about paying realistic ‘fair’ prices for goods, promoting sustainability and good working conditions for workers and producers in developing nations. It is a way of empowering people not through aid but through sustainable development.
1. Paying a fair and stable price
2. Long term partnerships and contracts
3. Investment in local community development
4. Better working conditions
5. Environmentally sustainable farming methods
6. Education
7. Paying the Fairtrade premium
8. No forced labour or abusive child labour
What is the Fairtrade Premium
What is the Fairtrade premium – The Fairtrade Cotton Label on a product indicates that the cotton growers were paid a fair price and received an additional premium paid on top of the Fairtrade price of the cotton to invest in social, environmental and economical development projects in the local communities where the cotton has been produced. The premium is a fixed rate set by Fairtrade Labelling Organizations International (FLO). To find out more about Fairtrade Cotton, please visit http://www.fairtrade.net/cotton.html
For more information on fair trade and the Fairtrade Certification system, please visit:Fairtrade Labelling Organizations International: www.fairtrade.net
Fair Trade Association of Australia and New Zealand: www.fairtrade.com.au