As we can see from forums, sites, news, reports etc today, people are curious to know more about what is "Differences Fair Trade and Free Trade (or) Conventional Trade", and there are some misinterpretation among authors.
Recently, Barbara Crowther, Director of Communications and Policy, Fairtrade Foundation, also mention in the post that "Sir, Stephen Pollard’s article (Thunderer, Oct 12) creates a false dichotomy between fair and free trade, as though they are diametric opposites.
Then, what's Stephen Pollard's article talk about? In the article, Stephen Pollard said "“Fair trade” is simply a label attached to certain products (mainly coffee and chocolate) that are sold at a premium because a specific price has been negotiated, and they meet criteria about reinvesting the profits. Consumers are presented with these goods in competition with others. Lots pay a little bit more because they like the idea behind the label."
For our concern, "Fair Trade" is not just as simply label attached OR not just the idea behind the label. But it's the reality and the truth benefit of the producers behind the products and label. "Fair Trade" products can be even without label because label is just a slip of paper, cloth, or other material, which attach to the products to indicate its manufacturer, nature, ownership, destination, etc. But again, "Fair Trade" is more than just a label and it put the fairness among producers and buyer behind the products based on dialogue, transparency and respect."
According to CRS Fair Trade "Under the conventional or free-trade system in place today, we often have no way to know how our consumer choices affect our brothers and sisters around the world, from the textile workers in Asia to farmers in Africa to artisans in Latin America. Fair Trade, however, seeks to change that and many other ways in which conventional trade often leaves behind the most vulnerable people."
The following table provides a brief overview of the basic differences between Fair Trade and conventional trade OR Free trade: Click on the image to enlarge
To conclude, Barbara said "Fair trade operates as a voluntary market mechanism, through which consumers create a demand for products certified against standards that ensure producers get a fair return for their crops and labour." And hope people will see more on the differences between these two trade system, policy and movements.
Recently, Barbara Crowther, Director of Communications and Policy, Fairtrade Foundation, also mention in the post that "Sir, Stephen Pollard’s article (Thunderer, Oct 12) creates a false dichotomy between fair and free trade, as though they are diametric opposites.
Then, what's Stephen Pollard's article talk about? In the article, Stephen Pollard said "“Fair trade” is simply a label attached to certain products (mainly coffee and chocolate) that are sold at a premium because a specific price has been negotiated, and they meet criteria about reinvesting the profits. Consumers are presented with these goods in competition with others. Lots pay a little bit more because they like the idea behind the label."
For our concern, "Fair Trade" is not just as simply label attached OR not just the idea behind the label. But it's the reality and the truth benefit of the producers behind the products and label. "Fair Trade" products can be even without label because label is just a slip of paper, cloth, or other material, which attach to the products to indicate its manufacturer, nature, ownership, destination, etc. But again, "Fair Trade" is more than just a label and it put the fairness among producers and buyer behind the products based on dialogue, transparency and respect."
According to CRS Fair Trade "Under the conventional or free-trade system in place today, we often have no way to know how our consumer choices affect our brothers and sisters around the world, from the textile workers in Asia to farmers in Africa to artisans in Latin America. Fair Trade, however, seeks to change that and many other ways in which conventional trade often leaves behind the most vulnerable people."
The following table provides a brief overview of the basic differences between Fair Trade and conventional trade OR Free trade: Click on the image to enlarge
To conclude, Barbara said "Fair trade operates as a voluntary market mechanism, through which consumers create a demand for products certified against standards that ensure producers get a fair return for their crops and labour." And hope people will see more on the differences between these two trade system, policy and movements.
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