Explain what the term 'fair trade' means and what are the importnent Essay

Explain what the term fair trade means and what are the importnent issues for the business world - attempt ExampleThe Fair championship Federation states that members are committed to seven key concepts to pay fair wages to support participatory workplaces to ensure environmental sustainability to supply financial and technical support to respect cultural identity to offer public accountability and to educate consumers.Fair trade consists of 10 standards a business must adhere to. These include working to create opportunities for disadvantaged producers transparent management and accountability helping producers to develop independence raising sentience and promoting the opportunities of fair trade paying a fair price offering gender equality providing safe and healthy work environments respecting the UN Convention on the Rights of the tiddler working toward environmentally healthy approaches and fair trade relationstaking into consideration the social, economic and environmental well-being of producers and not taking advantage of the producers by profiting at their expense. 2To be included as a fair trade business, one must first determine what is considered fair. Fair Trade Resource Network (FTRN) says that being fair constitutes more than just paying a fair wage. It means that trading partnerships are based on reciprocal cross benefits and mutual respect that prices paid to producers reflect the work they do that workers have the right to organize that national health, safety, and wage laws are enforced and that products are environmentally sustainable and conserve natural resources.3The products included in fair trade business are numerous. These include apparel, accessories, art, crafts, agricultural products, furniture, cards, holiday items, house wares, jewelry, euphony and musical instruments, paper, pottery, rugs, textiles, toys and others.For consumers, its not always easy to determine if a product comes from a fair-trade business.