Fairtrade is a global movement aimed at ensuring that producers in developing countries receive fair wages and treatment for their labor. When a product carries the Fairtrade label, it means that it has been certified to meet certain social, economic, and environmental standards. These standards typically include fair prices for producers, safe working conditions, sustainable production practices, and support for local communities.
Fairtrade works to empower small-scale farmers and workers by guaranteeing them a minimum price for their products, which helps protect them from fluctuating market prices. Additionally, a premium is often paid on top of the selling price, which goes into a fund controlled by the producers themselves to invest in community projects such as education, healthcare, or infrastructure.
Overall, Fairtrade aims to promote more equitable trading relationships and improve the lives of those who are often marginalized in the global economy.