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Fair Trade Benefits

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Fair Trade and its Benefits 'Fair trade is a method to business and to development built on dialogue, transparency, and respect that seeks to create greater justness in the international trading system. Fair trade supports farmers and craftspeople in developing countries that are socially and economically marginalized. These producers lack economic chance and often face steep hurdles in finding markets and customers for their goods '. (Anon, n.d). 'So, fair trade is primarily addresses goods produced in developing countries and sold to developed countries '. (Watson, n.d). There are many sides that benefit from fair trade. Two of who benefit from fair trade is consumers and organizations. In this essay I 'm going to clarify how fair trade …show more content…

'For organizations fair trade is sole in presenting three significant benefits. Firstly, stable prices: for most products there is a fair trade minimum price that aims to cover the costs of maintainable production even when world market prices fall. Secondly, a fair trade premium: the premium aids organizations to improve the quality of their lives. It is paid on top of the approved fair trade price, and organizations decide fairly how to use it. Normally, they invest it in education, healthcare, farm improvements or processing abilities to increase income. Thirdly, partnership: organizations are involved in decisions that affect their future. Fair trade specialized organizations together own and manage fair trade international. Through the Fair Trade International 's Board, its committees and consultation processes organizations can affect prices, premiums, standards and overall strategy '. (Anon, …show more content…

Intermediaries are individuals or businesses that make it possible for the product to make it from the manufacturer to the end user, essentially easing the sales process. Intermediaries are four basic types: agents, wholesalers, distributors, and retailers '. (Hammond, n.d). 'A firm may have as many intermediaries in its distribution channel as it choose, and without them it would be near to impossible for the business to function at all '. (Anon, n.d). Intermediaries have influences on the final price of goods. Lowering and increasing the final price of goods are two of these influences. In this essay I 'm going to illuminate how intermediaries help to both lower and increase the final price of

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