Around the world today, especially in developing countries, many men, women and children are breaking their backs to produce agricultural products and handicraft items at paltry daily wages, often just a dollar a day. Along the market chain from producer to consumer, the finished products are sold at prices ten times, even a hundred times, more than the wages paid to manufacture them.
Add in the hazardous working conditions and the damage wrought upon the environment by the manufacturing processes involved and you have a clear case of unfair trade practices. Fortunately, the concept of fair trade is gaining worldwide acceptance among producers and consumers.
Fair Trade Defined
Fair trade is the organized social movement that seeks to achieve a two-pronged objective. First, the implementation of fair trade practices can assist producers to attain a better quality of life through the payment of fair wages as well as the provision of opportunities for equal employment and advancement, financial and technical assistance, and safe working conditions.
Second, the appropriate application of fair trade principles promotes environmental sustainability through the use of eco-friendly manufacturing processes and practices. The environmental aspect is most often achieved through the safe handling and minimal use of agrochemicals, resource conservation especially ...