Economic Effects Of Fair Trade

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What is fair trade? Fair Trade is in which a fair price is given for something that’s worth the price from another developing country. It’s fair. Trade started before Canada 's history was formed. Though many people have learned that trade was done a lot. With pioneers, natives and other countries that came here to discover (Europe, Asia Etc.) Trade always involved one product for another. For example explorers traded their knives and guns for native fur. Trade always existed because not all countries have everything. Another example of this is how Canada gets the tropical fruits from tropical areas. Trade will always exist. However it’s not always fair. Thats when Fair Trade comes in. When countries trade items, there not always…show more content…
Many of these factors have an economic impact, social impact and not that many environmental impacts. Some of the standards Fair Trade has to meet are “-Fair price (fixed by Fairtrade...) -Fairtrade Premium (for social, economic and environmental development) -Long-term trading partnerships and greater producer -control over the trading process -Training opportunities -Non discriminatory employment practices -No child labour and no forced labour -Access to collective bargaining processes and freedom of association -Condition of employment exceeding legal minimum requirements” -Prezi These are all requirements that have to be met in order to have fair trade. There are simple symbols that must be stamped to a product in order to prove that it is part of fair trade. On the left are some symbols that you may find on fair trade products. Fair Trade Acceptance Fair trade acceptance has additionally been great to exporters and importers to open up foreign markets. Brazil, Costa Rica, Ethiopia, Thailand, and Peru are simply a couple of nations that have profited from fair trade with nations like the UK, US, and…show more content…
For example if you lived in Africa, there is a lack of water and it is always hot which makes growing crops much harder. Also in places such as Alaska, the climate very cold and harsh. This can limit jobs which usually lowers your quality of life. If you lived in the rainforest, your soil would be missing some minerals to grow crops because of all of the rain. This leads to being really moist. Lack of education can also limit people from accessing natural resources because they lack the knowledge on how to use resources around them. Amount of money can also restrict people 's use to resources because everything cost money. Government and businesses is also a huge factor. This is because the government or a business want to make money from the resources around them. They could export their products and make a lot of money. In order to do this they do not want others to interfere because others can be a threat to their business. So they do not let others access it. Which brings me to my next point, the relationship between land resources and

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