It is essential to note that fair trade is a social movement whose primary goal is to help producers in developing countries to have a better trading condition. One thing that you should know is that without fair trade it will seem like a father fighting with his 3 years old son of which the son will not have any chance of winning. Thus why you find that members of this movement always advocate for a higher pay for exporters as well as improved social and environmental standards. Discussed herein are some of the benefits of fair trade.
To start with, fair trade is beneficial since it boosts the income of traders. One way of doing this is by reducing the distribution channels that are involved in marketing goods making the producers get a larger share from the price of goods, not from the distribution. Not only that but the prices of the goods are also paid at an agreed and guaranteed fair price for the producers and manufacturers.
Also, it also improves their living standards. This is because both farmers and workers now have an extra income. You find that the price of the specific goods is calculated to cover the cost of both sustainable production and livelihood. The good news is that they also include premium that can be used to fund development projects one of them being schools among others.
Besides, it helps in protecting the environment. You find that with fair certification that is used to manufacture goods, you will be in a position to know where the products came from, who benefits from them plus how the products were made or manufactured. You find that with this, the consumers will be satisfied with the products knowing that the goods are safe and this can make them make more purchase.
Also, it also allows the farmers to obtain a stronger and better purchase on the world market. One of the reasons behind this is that the farmers deal directly with the buyers which allows them to obtain a fair price for their products.
Besides, it also important since it provides a close link between consumers and producers. A lot of things have changed, and most of the consumers have become environmental conscious making them wanting to know more about their products. Also, they would also want to know how much the original producers are earning. You find that this is essential as it will make the farmers feel satisfied with their payment and the consumers will also feel satisfied with the quality.