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FINE DEFINITION OF FAIR TRADEFair 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, marginalised producers and workers – especially in the South. Fair Trade organisations, backed by consumers, are engaged actively in supporting producers, awareness raising and in campaigning for changes in the rules and practice of conventional international trade.
FAIRTRADE PROCESS • Minimum requirements • Progress requirements
Trade Certification • The contractual relationship between buyers and sellers • Fairtrade price and price premium • Pre-financing and payment modes • Flow of goods reports
Tourism Challenges • There is no physical product which changes legal ownership • Seasonality, block booking systems and use of discounting • Multiply routes to markets, including direct sales
Characteristics of FT organisations • Limited number of suppliers • Strong and supportive relationship with suppliers • Heavily involved in promoting the fair trade concept • Fair trade community • Values based organisations