Is fair trade really fair?

Question

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Answer 1

The question often asked is whether we have "Free trade or Fair trade". Poor countries want to have free trade so that they can any and every thing to the rich countries and benefit from the foreign exchange earned. Richer countries think about the potential jobs losses when they permit all kinds of goods to enter into their domestic markets. To them, Fair trade means that the poorer countries allow them free access to their goods as much as they allow the other countries - in other words, it is a quid pro quo system or a fair bilateral trade arrangement. At the end of the day, I think it is prices that determine which way that goods will flow among countries. Countries that set up artificial trade barriers are the ones to lose in the long run.

Many countries have set up the Free Trade Agreement (FTAs)which governs what types of goods each one can sell to the other and what tariffs that they can set. Much have been written on this and you can google for the FTAs or refer to the link below.

Answer 2

The world is not fair at all.

Answer 3

no

Answer 4

no