World Fair Trade Organization - 10 Principles of Fair Trade

10 Principles of Fair Trade

WFTO prescribes 10 Principles that Fair Trade Organizations must follow in their day-to-day work and carries out monitoring to ensure these principles are upheld:

  1. Creating Opportunities for Economically Disadvantaged Producers
  2. Transparency and Accountability
  3. Fair Trading Practices
  4. Payment of a Fair Price
  5. Ensuring no Child Labor and Forced Labor
  6. Commitment to Non Discrimination, Gender Equity and Freedom of Association
  7. Ensuring Good Working Conditions
  8. Providing Capacity Building
  9. Promoting Fair Trade
  10. Respect for the Environment

Read more about this topic:  World Fair Trade Organization

Famous quotes containing the words principles, fair and/or trade:

    “The machines that are first invented to perform any particular movement are always the most complex, and succeeding artists generally discover that, with fewer wheels, with fewer principles of motion, than had originally been employed, the same effects may be more easily produced. The first systems, in the same manner, are always the most complex.”
    —Adam Smith (1723–1790)

    “We must pronounce him fortunate who has ended his life in fair prosperity.”
    —Aeschylus (525–456 B.C.)

    “I might be driven to sell your love for peace,
    Or trade the memory of this night for food.
    It well may be. I do not think I would.”
    —Edna St. Vincent Millay (1892–1950)