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Fair Trade refers to a movement that advocates social policy, environmental security, and impartial standards that concern international labor that is related to the trading and manufacturing of commodities, specifically the ones that are imported to developed countries from developing nations. It tries to keep equilibrium between the wealthy and poor consumers which is enforced by traditional trade.
It is a development method that is designed to infuse the need for the partnership between the consumer and international trading Philippines to go past the simple relationship between seller and buyer in the system of trading. While Fair Trade keeps changing as the days pass, it recognizes the responsibilities and the needs of the consumer and manufacturer. It is also consumer-friendly since it is a mechanism which guarantees that services and products are of top quality and are priced reasonably.
Fair Trade gives power to workers and marginalized producers by helping them be economically independent. Their economic confidence is one of the significant factors that describe their current lifestyle. This concept is not just restricted to making sure that prices are reasonable. It considers environmental costs, social costs, and production costs.
Fair Trade is established through the following principles:
Ecological Integrity
Considering factors like pollution costs, energy consumption efficiency, and optimal utilization of raw materials help observe environmentally-sound ways of manufacturing.
Working Condition
Producers and workers have access to a healthy and safe working area.
Gender Equity
Apart from the compensation that women get for contributing to the manufacturing process, they get to be valued members of their respective communities and organizations. Women receive equal rights to decision-making, management, access to information, and participation in company activities.
Payment of a Reasonable Price
International trading Philippines and the producers would agree on a single fair price according to environmental costs, social costs, and manufacturing costs by participating in activities and discussion. Fair Trade also ensures the standard of equal pay in exchange for equal work by men and women. The traders give timely payments to the producers, and they offer financial support for expenses before production when possible.
