All goods carrying the fairtrade logo meet standards set by the Fairtrade labelling organisation. Principle amongst these is that the goods are produced in a sustainable manner with concern towards the income and welfare of producers and workers.
This means that even in a world where commodity prices fluctuate wildly, third world producers can rely on covering their production and living costs whatever the market price is at any given point in time.
Fairtrade labelled products also show a commitment to the economic and social development of production workers and their families. Typically development projects, chosen democratically by workers and owners and are funded through additional premium payments.
All fairtrade products are audited annually to ensure that the high standards of sustainability and econiomic and social development, set by the Fairtrade Labelling Organisation are continually being met. |