What is Fair Trade?
The term Fair Trade defines a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. Fair trade contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers – especially in developing countries.
The 10 Principles of Fair Trade
The World Fair Trade Organization prescribes 10 Principles that Fair Trade organisations must follow in their day-to-day work:
- Creating Opportunities for Economically Disadvantaged Producers
- Transparency and Accountability
- Fair Trading Practices
- Payment of a Fair Price
- Ensuring no Child Labour or Forced Labour
- Commitment to Non Discrimination, Gender Equity, Women’s Economic Empowerment and Freedom of Association
- Ensuring Good Working Conditions
- Providing Capacity Building
- Promoting Fair Trade
- Respect for the Environment
For more detailed information about these principles, please follow this link.
The Interior Trading Company is an Endorsed Fair Trader
Our business practices, suppliers, and supply chain have been scrutinised and approved as meeting the Fair Trade Association Australia & New Zealand (FTAANZ) criteria for accreditation as a Fair Trade business. The criteria align with the 10 Principles of Fair Trade set by the World Fair Trade Organization.
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Follow our “Fair Trade’ Pinterest Board for further information and links about fair trade and how it helps developing communities around the world.