Ethical trade means different things to different people. In particular, some people refer to “ethical trade” as an umbrella term for all types of business practices that promote more socially and/or environmentally responsible trade. Others use the term in a much narrower sense, referring specifically to the labour practices in a company’s supply chain.
Famous quotes containing the words ethical and/or trade:
“Our rural village life was a purifying, uplifting influence that fortified us against the later impacts of urbanization; Church and State, because they were separated and friendly, had spiritual and ethical standards that were mutually enriching; freedom and discipline, individualism and collectivity, nature and nurture in their interaction promised an ever stronger democracy. I have no illusions that those simpler, happier days can be resurrected.”
—Agnes E. Meyer (1887–1970)
“People run away from the name subsidy. It is a subsidy. I am not afraid to call it so. It is paid for the purpose of giving a merchant marine to the whole country so that the trade of the whole country will be benefitted thereby, and the men running the ships will of course make a reasonable profit.... Unless we have a merchant marine, our navy if called upon for offensive or defensive work is going to be most defective.”
—William Howard Taft (1857–1930)