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:

    “Magic is akin to science in that it always has a definite aim intimately associated with human instincts, needs, and pursuits. The magic art is directed towards the attainment of practical aims. Like other arts and crafts, it is also governed by a theory, by a system of principles which dictate the manner in which the act has to be performed in order to be effective.”
    —Bronislaw Malinowski (1984–1942)

    ““Who chooseth me must give and hazard all he hath.”
    Must give—for what? for lead, hazard for lead?
    This casket threatens. Men that hazard all
    Do it in hope of fair advantages;
    A golden mind stoops not to shows of dross.”
    —William Shakespeare (1564–1616)

    “Though in the trade of war I have slain men,
    Yet do I hold it very stuff o’ the conscience
    To do no contrived murder. I lack iniquity
    Sometimes to do me service.”
    —William Shakespeare (1564–1616)