The ten Principles of Fair Trade promote the sustainable development of local communities and empower third world producers to be free from poverty. One important component of these standards is Principle Four - the payment of fair prices for producers’ goods and services. To guarantee fairness, prices must be mutually agreed through dialogue and participation. Additionally, businesses must help build the capacity of producers so that they may calculate and negotiate fair prices. Fair Trade, through the process of Fairtrade certification, also offers a pricing structure for some key commodities such as cocoa and coffee, which sets a guaranteed minimum price for producers, regardless of international market price fluctuations.
It is clear that when you buy Fair Trade, you are not just buying a product; you are supporting producers to create sustainable livelihoods for themselves and their community. How better can we spend our money than by purchasing goods that not only benefit us but that also empower the most vulnerable citizens of our planet?