Fair Trade is 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 – especially in the South.
WFTO prescribes 10 Principles that Fair Trade Organizations must follow in their day-to-day work and carries out monitoring to ensure these principles are upheld.
FairTrade(or"Fairtrade"1)is,fundamentally,aresponsetothefailureof conventional trade to deliver sustainable livelihoods and development opportunities to people in the poorest countries ofthe
world; this is evidenced by the two billion of our fellow citizens who,
despite working extremely hard, survive on less than $2 per day.