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:
- Creating Opportunities for Economically Disadvantaged Producers
- Transparency and Accountability
- Fair Trading Practices
- Payment of a Fair Price
- Ensuring no Child Labor and Forced Labor
- Commitment to Non Discrimination, Gender Equity and Freedom of Association
- Ensuring Good Working Conditions
- Providing Capacity Building
- Promoting Fair Trade
- Respect for the Environment
Read more about this topic: World Fair Trade Organization
Famous quotes containing the words principles, fair and/or trade:
“Struggle is the father of all things.... It is not by the principles of humanity that man lives or is able to preserve himself above the animal world, but solely by means of the most brutal struggle.”
—Adolf Hitler (1889–1945)
“Within the circuit of this plodding life
There enter moments of an azure hue,
Untarnished fair as is the violet
Or anemone, when the spring strews them
By some meandering rivulet, which make
The best philosophy untrue that aims
But to console man for his grievances.
I have remembered when the winter came,”
—Henry David Thoreau (1817–1862)
“Every trade has its master.”
—Chinese proverb.