Fair Trade Foods

Fair trade refers to an alternative system of commerce, which operates outside the “free trade” system of mainstream global commerce. Fair trade is a social and market-based trading system that guarantees a minimum above-market price to farmers and producers. The aim of fair trade is to give producers a more favorable trading environment and promote economic and environmental sustainability. Conversely, free trade agreements allow traders to buy and sell goods across national boundaries without government interference, and prices are determined by supply and demand. Fair trade prices are set by a governing nonprofit organization, and the market depends on consumers’ willingness to pay more for goods produced under fair working conditions.