Fair Trade is about better prices, decent working conditions and fair terms of trade for farmers and workers.
Beneficiaries of Fair Trade practices:
Consumers:
1. Consumers are the main beneficiaries.
2. This is because they can advocate and compare for wide reform of International trading rules.
3. They can choose from growing range of great products.
4. Consumers support producers by buying fair trade labelled products who are struggling to improve their lives.
Traders (or) companies:
1. Fair Trade offer companies a credible way to ensure that they have a positive impact.
2. Launched in 2002, Fair Trade mark has become the most widely, recognized social and development label in the world.
Producers:
1. It gives the farmers / producers a kind of empowerment.
2. Stable prices cover the cost of sustainable production.
3. Buyers easily access the market and trade with producers, which in turn boost production..
