Many workers around the world are mistreated and paid very poorly. Latest statistics show that approximately 50% of the world's population exists on less than $2.50 a day. You might often wonder how some products you buy can be so cheap. Often our "bargains" are the result of underpaid workers that toil in sweatshops. Environmentally-destructive processes used to manufacture these products also lower costs… That “bargain” may come at a very high price to our fellow man and the environment.
There may be some confusion about what fair trade is, and why it matters, so let’s break it down a bit:
What is Fair Trade?
Fair trade is a standard of practice. It is an approach to business and development that seeks to create greater justice within international trade based on the following principles:
- Guarantee producers a living wage for their work
- Give to others what is their due
- Build long-term relationships between producers and buyers
- Engage in environmentally sustainable practices
- Empower women and provide equal employment opportunities for all, especially the most disadvantaged
- Provide healthy and safe working conditions
- Ensure transparency and accountability
Why does Fair Trade Matter?
These are only some of the many reasons Fair trade matters:
- Fair trade creates opportunities to end poverty.
- Fair trade upholds accountability, transparency and credibility in companies like Trades of Hope.
- Fair trade helps to end unfair labor practices around the world such as sweatshops.
- Fair trade builds and strengthens long-term trade partnerships creates opportunities to end poverty.
- Fair trade is a voice for the voiceless and makes sure workers are paid their worth.
It matters because Trades of Hope was able to give work to 13,340 artisans in 2016, and the work of those artisans impacted 42,884 people in their communities.
It matters because each one of us CAN make a difference in a world that so desperately needs change.
It matters because when we put aside our differences and work together to end poverty, humanity wins.
To learn more about fair trade, click here:
To learn more on how to separate the facts from the myths about Fair Trade, visit: