Poverty literally affects billions of people around the world. Openness in trade and more favorable trade conditions to poor countries offer a way out.
The annual sales of Fairtrade certified products now amounts to 4.73 billion US dollars. Compared to non-Fairtrade products this is not a lot, but Fairtrade is growing fast - almost by 40 percent every year in the past 5 years.
Fair trade
As the name says, Fairtrade seeks fair play in international trade. The aim of Fairtrade is to offer better terms of trade to local producers and workers, and thereby help to build local communities.
A concept for good
Fairtrade is not only used to set minimum social and environmental standards in production and trade. Fairtrade also supports the development of small-scale farmers and plantation workers in need of help.
More is needed
Supporting small-scale production through Fairtrade is a good thing. But it should never make us forget that more fundamental changes in the current trading system are needed.
According to the Fairtrade Labelling Organizations International (FLO), the worldwide sales of fairtrade certified products amounted to 3.4 billion Euro in 2009 (Up from 2.9 billion in 2008). Using the average EUR/USD exchange rate for 2009, this amounts to 4.73 billion US dollars.