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Economy & Business

The Business of Fair Trade with Rebecca Harris

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12 5 12 Ten Thousand Villages POTD - Penn State
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Flickr

Fair trade is a win-win proposition for nations and their citizens. According to contributor Rebecca Harris there’s a great deal of it available here in the city. This week Ms. Harris looks at the business of fair trade. Harris explains that fair trade means there’s an ethical partnership between consumers and producers around the world intended to create equity.

Principles include a minimum price for farmers’ goods, pre harvest credit, fair labor conditions, direct trade, democratic and transparent organizations, avoiding chemicals and GMOs, and so on. The latest trends in fair trade, Harris explains, include stores like Ten Thousand Villages, more fairtrade products in mainstream apparel stores, and so on. But in order for the fair trade movement to grow, consumer demand needs to expand.