FAIR TRADE, THE FAIREST OF THEM ALL

Sorina Costache
Additional contact information
Sorina Costache: Romanian-American University

Romanian Economic Business Review, 2010, vol. 5, issue 4-1, 55-62

Abstract: Fair Trade is a complex trading partnership which seeks greater equity in international trade by creating closer relationships between the consumers and the producers from the geopolitical North and South. From its shy beginnings as an alternative means of selling craftwork in charity shops, Fair Trade products have become highly accessible to the consumers in Europe and the United States. While sales remain fairly low in global terms, the growth of the Fair Trade market has been phenomenal: in 2008, global Fair Trade sales reached 2.9 billion euros, growing at a rate of 22% per annum. In 2009, this percentage reached 37%. Fair Trade products occupy between 0,5-5% of all sales in Europe and the United States. By 2010, over 1.5 million disadvantaged producers were directly benefiting from Fair Trade, while an additional 5 million were enjoying the fruits of infrastructure and development projects financed through the Fair Trade system. In order to make these possible, Fair Trade has incorporated a dynamic series of products, standards and certification systems, new actors, new political and organizing alliances and more and more complex governmental arrangements.

Keywords: fair trade; WFTO (search for similar items in EconPapers)
Date: 2010
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.rebe.rau.ro/RePEc/rau/journl/WI10-1/REBE-WI10-1-A7.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rau:journl:v:5:y:2010:i:4-1:p:55-62

Access Statistics for this article

More articles in Romanian Economic Business Review from Romanian-American University Contact information at EDIRC.
Bibliographic data for series maintained by Alex Tabusca ().