Fair Trade Impact Report: Economic, Social, and Environmental Impact

This report examines the impact of fair trade, focusing on its economic and social effects. The report highlights how fair trade initiatives provide better prices, wages, and improved working conditions for producers in developing countries. It discusses the role of fair trade in empowering farmers and workers, enabling them to improve their livelihoods and invest in community development. The report also explores the benefits of fair trade for consumers, such as access to ethically sourced products and support for sustainable practices. The analysis includes references to academic sources and online resources, providing a comprehensive overview of the fair trade movement and its impact on the global economy. The study also covers fair trade benefits, its impact on poverty reduction, and sustainable production.

THE IMPACT OF FAIR
TRADE

TABLE OF CONTENTS
Impact of fair trade.......................................................................................................................1
REFERENCES................................................................................................................................2

Impact of fair trade
Fair trade defined as global movement that is committed to paying prices in trade and it
can impact the procedure of developing countries. Henceforth, the significance of fair trade cen
be defined as farmers and workers around the world can get a better deal, able to live happier
lives and can also avail to better and improved protections (Anderson, 2018).
Fair trade organisation mainly aims to make changes in international trade rules that
assists to producers to improve their business. Therefore, fair trading ensures better cost for
goods, wages and community benefits to the farmers workers and to their families within
countires like developing. Additionally, it offers the basis for connecting producer with
consumer and inform consumer the need for opportunities to change and social justice (Fisher,
2018). Henceforth, the main object of fair trade is to make sure that firm in developed countries
has paid fair price to producers in developing countries for work.
Therefore, economic benefits to Fair trade is slightly improving to the communities in
terms to eastablish in cooperatives and to bring improvement in their negotiation position with
supply chain activities. It enables to bargain high cost to commodities than the conventional
market cost. However, extra income can be earned with help of fair-trade premium to support in
farming and to build strong cooperatives to make invest into collective assets to carry out
improvement within crops and yields (McClure and Seock, 2018). Thus, to purchase the
commodities from fair trade aids to have reduction in poverty, encourage environmentally
friendly and safeguard the human working conditions. Thus, common benefits to fair trade
defined as-
 It has stable price that covers price of sustainable production.
 To get better access to market that enables buyers to trade with producers.
 Fair-trade offers enterprise a credible way that ensures practices of trade and this has
positive impact on people.
 With help of purchasing fair-trade labelled commodities consumer mainly support
producers who are struggling to bring improvement in their lives (Benefits of Fair Trade,
2013).
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REFERENCES
Books and Journals
Anderson, M., 2018. Fair trade and consumer social responsibility. Management Decision.
Fisher, E., 2018. Fair trade movement. The International Encyclopedia of Anthropology. pp.1-4.
McClure, C.S. and Seock, Y.K., 2018. Does Fair Trade matter to consumers? A study of African
cultural products. International Journal of Fashion Design, Technology and Education.
11(2). pp.139-147.
Online
Benefits of Fair Trade .2013. 2019. [Online]. Available through :
<http://www.vartotojai.lt/en/fairtrade/what-is-fairtrade/benefits>.
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