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IS FAIRTRADE FAIR” DISCUSS THE CASES FOR AND AGAINST THE ESTABLISHMENT OF FAIRTRADE INITIATIVES. Summary: Fair trade is a tool for development. The main motive of fair trade is to help the poor producers fight from poverty and to reduce the gap between developed and developing countries so that the developing countries can also contribute to the world economy. Fair trade can be achieved by offering the producers a price which covers their cost of production and providing long term contract which assist predictable planning. But there are various problem of fair-trade and the main problem is the consumer is not able to take the benefit and the producer can taka a benefit. Moreover there are many other reasons which is making Fair-trade ineffective, e.g. Fair Trade products seems to be much more expensive than the conventional ones. Labels of Fair Trade tell the people that certain criteria’s has been met in the production process. However that is not so true. Ethical initiatives are increasing day by day and some of them may be independently verified and others may be not. At present days the retailers and consumers are both interested in ethical sourcing. As we know, Fair trade standards were mainly aimed to guarantee human rights at all levels of global trade from producers to consumers..However, things are not as easy as it looks. Because of the above mentioned problems, the main objective of fair trading is not being achieved. If the problems are solved, then the producer will taste the real benefit of fair trade. Also because of various problems the main objective of fair-trade is not being achieved. If the problem of fair trade are solved the doctrine of fair-trade will contribute in the world economy.
IS FAIRTRADE FAIR” DISCUSS THE CASES FOR AND AGAINST THE ESTABLISHMENT OF FAIRTRADE INITIATIVES. Summary: Fair trade is a tool for development. The main motive of fair trade is to help the poor producers fight from poverty and to reduce the gap between developed and developing countries so that the developing countries can also contribute to the world economy. Fair trade can be achieved by offering the producers a price which covers their cost of production and providing long term contract which assist predictable planning. But there are various problem of fair-trade and the main problem is the consumer is not able to take the benefit and the producer can taka a benefit. Moreover there are many other reasons which is making Fair-trade ineffective, e.g. Fair Trade products seems to be much more expensive than the conventional ones. Labels of Fair Trade tell the people that certain criteria’s has been met in the production process. However that is not so true. Ethical initiatives are increasing day by day and some of them may be independently verified and others may be not. At present days the retailers and consumers are both interested in ethical sourcing. As we know, Fair trade standards were mainly aimed to guarantee human rights at all levels of global trade from producers to consumers..However, things are not as easy as it looks. Because of the above mentioned problems, the main objective of fair trading is not being achieved. If the problems are solved, then the producer will taste the real benefit of fair trade. Also because of various problems the main objective of fair-trade is not being achieved. If the problem of fair trade are solved the doctrine of fair-trade will contribute in the world economy.
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