When you go shopping nowadays, you could easily find a product that is fair trade. This is really amazing because more and more people have access to fair trade products. That more stores and shops are supporting fair trade and helping the people. However, do you know Fair Trade’s meaning? How familiar are you with fair trade’s meaning and the difference between Fair Trade and Fairtrade? Well, for those of you that are not sure or just want to know more, this article is all about fair trade’s meaning. We are going to go for a deep dive into fair trade meaning.
Fair Trade Meaning
So what is Fair Trade’s Meaning? Fair Trade’s meaning, according to the dictionary is a “trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers” (Fair Trade).
However, fair trade’s meaning is much more than just a fair business agreement. In fact, fair trade has become a movement and is tightly connected and contributing to solving the Sustainable Development Goals. When fair trade is truly achieved, that means many people living in poverty are given the chance to develop and are developing. When fair trade is achieved that means there will be no more poverty, that the people’s quality of life is rising because of better pay, thus, leading to better development for the community, better housing, education and so much more. In addition, when thinking about fair trade’s meaning it is important to understand that sustainability is very important. By having a fair trade between two partners, the business tends to last longer and is much more sustainable.
Understanding Fair Trade’s meaning can be about understanding why we need more fair trade products compared to just buy it for the sake of it. By knowing the meaning of fair trade, you show your support to fair trade and have a cause, which makes that an ethical choice. You are making a difference and you know you are.
Fair Trade Vs. Fairtrade
Now that we know the essence of fair trade, let’s take a look at something that might be a bit confusing. That is Fair Trade and Fairtrade are different!
Yes, it can be kind of confusing because ultimately the two are the same and hope to achieve the same goal. However, Fair Trade is the idea or concept that wants to achieve an equal and ethical trade between two parties. This Fair Trade’s meaning is that the fair trade itself and the movement of paying the workers and farmers more and their equal pay. While Fairtrade is an organization that has similar goals and mission but is a certification organization too. To put it simply, Fairtrade does everything Fair Trade aims for but is an organization that helps achieve that goal with certification. Keep on reading to find out more about Fairtrade and Fairtrade’s meaning.
Fairtrade is actually an organization that helps brands and business with fair trade certification and have programs and ways to support fair trade workers and farmers. Fairtrade also acts like middlemen where they have a network of fair trade farmers and businesses. In addition, they provide options allowing people to donate to make a difference.
Fairtrade’s meaning is to “change the way trade works through better prices, decent working conditions and a fairer deal for farmers and workers in developing countries”(What is Fairtrade?). And Fairtrade’s mission is to “connect disadvantaged producers and consumers, promote fairer trading conditions and empower producers to combat poverty, strengthen their position and take more control over their lives”. Now, Fairtrade is not the only fair trade organization there is(What is Fairtrade?).
Different Meaning for Fair Trade
Now you know the difference between Fair Trade and Fairtrade. You must know that there is more than one Fair trade certification organization.
Here are a few of different fair trade organizations:
- World Fair Trade Organization
- Fair Trade Federation
Depending on the region you live in, there is a high chance of different fair trade certification organizations available. Each of these fair trade organizations have their own fair trade meaning. Find out the fair trade organization that is mostly used by your region and look up their fair trade meaning and more!
Share Fair Trade’s Meaning
At Ethical Choice, we follow the fair trade meaning and we support all kinds of fair trade action. Our mission is to live ethically and make ethical choices. This includes choosing fair trade products whenever possible and understanding fair trade meaning and sharing with others.
Now that you know fair trade’s meaning, I hope you would share it with others. By sharing fair trade meanings, you are not only helping the movement, but the actual people that are benefiting for fair trade, like the farmers and workers. What to know more than just fair trade’s meaning? Check out this article all about fair trade products or just Fair Trade itself. Feel free to check out our other articles as Ethical Choice has a wide variety of articles on different ethical and sustainable topics.
“Fair Trade.” The Oxford Dictionary, Oxford University Press, 1992, www.oed.com/.
“What Is Fairtrade?” Fairtrade International. Web. 13 Oct. 2020.