It is essential to note that fair trade is a social movement whose primary goal is to help producers in developing countries to have a better trading condition. Without fair trade, the whole thing will look like a situation where a father fights with his three years old son which is not fair. Thus why you find that members of this movement always advocate for a higher pay for exporters as well as improved social and environmental standards. Here are some of the benefits of fair trade that you need to know.
To start with, fair trade is beneficial since it boosts the income of traders. One way of doing this is by reducing the distribution channels that are involved in marketing goods making the producers get a larger share from the price of goods, not from the distribution. Besides, the prices of the goods are also paid at agreed and guaranteed fair price for both the manufactures and the producers.
Apart from that, it also helps in boosting the living standards of the producers. This is possible since they have the opportunity to get the best prices from the market as this will boost their earning. One thing that you should know is that the price that is set s enough to cover for both the cost of production and means of livelihood. Also, they also include the premium in the pricing which can be used in facilitating the development projects such as schools.
Apart from that, far trade plays a major role in protecting the environment. You find that with fair certification that is used to manufacture goods, you will be in a position to know where the products came from, who benefits from them plus how the … Read More..Read More →