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FAIR TRADE PRODUCTS

2007-01-02 07:06:25 · 5 answers · asked by paige m 1 in Business & Finance Corporations

5 answers

Hello,

(ANS) The answer here is that the term "fair trade" offers the consumer a choice between products & services which only produce a profit for the retailler or wholesaler involved in the sale. Or the direct maker or producer in another country.

Normal purchases (non fair trade). This means that only a very small % of the cost is returned or gained by the person or people who made the product in the first place, often in a third world economy country such as the far east.

**Fair Trade,

Fair trade products (those that are actually lablled as such) mean usually that the people or person who made the product will receive a MUCH greater % of the money for making or creating the product than otherwise. They retain a bigger part of the profits from the sale of the product or service.

For example: Coffee might be a fair trade product, as can be Chocolate, or Bananas.

**In Africa a group of local people clubbed together to farm bananas and the result was that more money was made on the crop because it was sold on the world markets as fair trade. The co-operative of the farm was able to employ 300+ people, pay for push bikes so people could cylce to work, funds made it possible for the village to dig a well and fit a water pump. This well saved local woman over an hours walk just to fetch water (something we all take totally for granted here in the west!).

**Fair Trade gives consumers a more moral & ethical choice because you know more of the money from you purchase goes back to the people who made the product. Its a direct way to help others but its NOT charity, its just a fairer way to help others in my opinion.

IR

2007-01-02 07:22:45 · answer #1 · answered by Anonymous · 0 0

Because many things sold in shops today are made by poor people on very little money. Their bad fortune is basically being milked for all it's worth, just so we can get a cheap pair of jeans at Primark/Penny's, or some cheap coffie.

If we buy, or try to buy more fair trade products and refuse the other stuff, eventually it will force the buisiness men with agendas to treat others fairly.

2007-01-02 15:17:04 · answer #2 · answered by Pye 2 · 0 0

Fair Trade offers communities to sell their produce at fair prices, which is a step towards a more ethically minded trade. Fair trade also supports organic growing techniques which reduces the effects from intensive agriculture such as soil erosion and loss of soil fertility. Thus it is a vital consumer choice towards sustainability. For more information you should find out on their website yourself.

2007-01-02 15:21:10 · answer #3 · answered by Terrarist 1 · 0 0

So we can help give people in developing countries a decent living wage

2007-01-03 17:16:23 · answer #4 · answered by Sandip S 1 · 0 0

The quality is better then from UK products.e.g. chocolate contains real chacao and not just sugar and fat.

2007-01-02 17:45:09 · answer #5 · answered by superoverdrive 2 · 0 0

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