Fair Trade (n): trade in which fair prices are paid to producers in developing countries.
Fair Trade is crucial to preventing trafficking and exploitation. Forced Labor, or exploitative labor is just one form of human trafficking. Learn more about the different forms of Human Trafficking. People who are impoverished are especially vulnerable to exploitation by traffickers.
The World Fair Trade Organization (WFTO) defines Fair Trade as a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers. The World Bank reports that more than one billion people still live at or below $1.25 a day.
The Local Mission is committed to Fair Trade. Backed by consumers we are actively engaged in supporting producers, awareness raising and championing people over profit. We envision a world where all people can thrive.
Fair trade workers are paid a living wage so that their children don’t have to work to support their family and can attend school instead. Profits from Fair Trade ventures are reinvested into the community with Fair Trade Funds. Each Fair Trade Community determines how their funds will be used. Funds can be reinvested into their business, directed to empowering women, supporting education, protecting the environment, fighting poverty and providing healthcare. Fair Trade Certification guarantees that no child or forced labor was used in the production of goods. Download UNICEF’s Fact sheet on trafficking and fair trade.
Fair Trade is more than just trading:
- It proves that greater justice in world trade is possible.
- It highlights the need for change in the rules and practice of conventional trade and shows how a successful business can also put people first.
- It is a tangible contribution to the fight against poverty, climate change, economic crisis, and exploitation.
(source: World Fair Trade Organization)