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:

    Every political system is an accumulation of habits, customs, prejudices, and principles that have survived a long process of trial and error and of ceaseless response to changing circumstances. If the system works well on the whole, it is a lucky accident—the luckiest, indeed, that can befall a society.
    Edward C. Banfield (b. 1916)

    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)

    The trade of advertising is now so near perfection that it is not easy to propose any improvement. But as every art ought to be exercised in due subordination to the public good, I cannot but propose it as a moral question to these masters of the public ear, whether they do not sometimes play too wantonly with our passions.
    Samuel Johnson (1709–1784)