Trade between companies in developing countries and producers in developing countries in which fair prices are paid to the producers.
Fair Trade is about better prices, decent working conditions and fair terms of trade for producers. It’s about supporting the development of thriving producer communities that have more control over their futures and protecting the environment in which they live and work. Fair Trade was created as an alternative way of doing trade. It is based on partnership, which means that the interests of producers are just as important as other commercial considerations. It also represents one solution to poverty and a model for development. Choosing Fair Trade products means helping producers around the world get a better deal.
World Fair Trade Organisation’s mission statement:
“WFTO’s mission is to enable producers to improve their livelihoods and communities through Fair Trade. WFTO is the global network and advocate for Fair Trade, ensuring producer voices are heard. The interest of producers, especially small farmers and artisans, is the main focus in all the policies, governance, structures and decision making within the WFTO.”
The 10 Principles of Fair Trade
Creating opportunities for economically disadvantaged producers
Transparency and accountability
Fair trading practices
Payment of a fair price
Ensuring no child labour or forced labour
Commitment to non-discrimination, gender equality, freedom of association
Ensuring good working conditions
Promoting fair trade
Respect for the environment
Beauty of Rwanda is happy to support Fair Trade by not only offering a fair wage but also recognising that there is a much greater need in creating alternative strategies like capacity building, literacy and other visible tools that will empower the weavers. Beauty of Rwanda continues to work directly with the weavers in their community in rural Rwanda and has done so since the beginning. There is no middle importer or hidden source.
Beauty of Rwanda recognises the importance of fair trade because with fair trade, you have the power to change the world.