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Fair Trade describes a system of commerce that helps to promote a sustainable environment, good wage, healthy working conditions for the laborers and their family members, and also labor rights. Conventional trade practices often discriminate against the weakest, poorest producers. But fair trade addresses the injustice of conventional trade by requiring the companies to pay substantial prices, which normally do not fall below market prices. This helps farmers, artisans and workers to benefit from globalization thereby improving their lifestyle and have better control over their life. Many Monasteries are sustained by their making of superb Incense by Tibetan refugees, allowing the schooling of the children and health services for their community. The main function of fair trade is to empower the hands of producers and farmers that produce goods and services for the purpose of export. There are no barriers for free trade and it provides consumers the option of purchasing ethical products as a way of instilling good labor practices and sustainable farming practices throughout the world. The main purpose of fair trade is to contribute to the social and economic development of the farmers and their communities. There are many benefits that fair trade gives to farmers and its communities. The main goal of fair trade is to alleviate poverty in various developing countries and promote sustainable development. It also creates opportunities for produces that are economically deprived over multinational companies. The various benefits of fair trade include; 1. Stable price: The most fundamental idea of fair trade is stable prices. The products prices are fixed in such a way that it covers the cost of sustainable production without taking in to consideration whether the world's market prices have reduced. Which means, the products manufactured by the producers or farmers will suffer losses whenever the market prices comes below the sustainable level, if fair trade standard is not there. Also, when the market prices increases than minimum trade price, the buyers are compelled to pay the market prices. 2. Stable income to producers: Fair trade helps its workers or producers to have a stable income to support their family needs and also plan for a better future. It also helps them to support for improving the economic conditions of their community. Also, it encourages environment friendly farming and production practices, and this makes the farmers bound to protect the environment while depending on sustainable good harvests. 3. Environmental conservation: This is one important concern in fair trade practices. The fair trade organizations and producers from developing countries work together to bear the responsibility to ensure environmental stewardship are maintained. Environmental conservation by fair trade practices ensures that the products produced today do not affect the future generations. Thus the culture of recycling and reusing materials are developed. The certifications that are used to market fair trade products not only tells customers where the products come from and who benefits it, but also inform them how it sis produced. Fair trade practices also encourage the development of organic farms wherever possible through the elimination of genetically modified organisms and agro chemicals. Genetically modified organisms (GMO), are completely eliminated from the certification criteria of fair trade. This ensures that risk to the environment due to any genetic modification is very low and the consumers are safe. Also, it lowers the economic burden of producers which will prevent them from buying seeds from various transnationals that produce them. Fair trade also reduces the use of agro chemicals that not only produce environmental benefits but also reduces the economic burden of the producers. The use of chemicals on farms is reduced considerably and thereby encourages organic farm wherever possible. 4. Adequate compensation: This is yet another important consideration in fair trade practices. Inadequate compensation to the employers directly affects them and their standards of living which has a direct effect on their education and health. However, fair trade practices provide greater economic justice to producers and farmers. Thus it helps to improve their standard of living in a much better way. 5. Gender discrimination: The opportunity to address the issues relating to gender discrimination is also provided by fair trade. In many developing countries, women tend to earn very less compared to men for the same type of work they do. Fair trade ensures that the producing organizations to adhere to the international standards relating to fair wages for both men and women, and no discrimination in any manner like gender, religion or color is encouraged. 6. Community development: Fair trade aims to strengthen and empower the producing community with technical and financial help, and preparing it to work independently. The marketing and advanced management skills acquired by the producers help them to build on and expand their existing markets and also access to new ones. The skill gained can be passed on from one producer to another, thereby empowering and developing their whole community. 7. Consumer awareness: The demand for certified products are in the rise which means that the consumers are aware of what they are buying and do not want to get benefit from cheap products prepared at the expenses of the poor. 8. Direct distribution: Fair trade practices encourage direct distribution of good and services by the producer to the distributor, and middlemen are completely eliminated from this process. This helps producers to negotiate sales and thereby enhance their profit margin. In addition, profit also increases due to the absence of distribution chain between buyers and sellers. Fair trade practices are managed by FLO (Fair Trade labeling Organization) which sets standards for fair trade and helps in its application, gives support to producers and also helps in price setting. Here, the producers also get involved in the decision making process related to trading and trading strategies, and setting fair trade standards, prices and premiums. Through constant support from FLO, the producers form their own groups and it is governed by a democratic structure and a transparent administration. The fair trade premium, which is agreed above the fair trade price, can be utilized by the producer's to improve their farmer's economic, social and environmental conditions The scope of fair trade is very wide and there are thousands of products all over the world that carry fair trade mark on it. Fair trade standards exist for a wide range of products like coffee, tea, nuts and fresh fruits to jewelry and Fine Quality Incense. . Roger Marlow owner proprietor of Incense-Incense.com, A premier on-line Incense store. We supply Fine High Quality Japanese Incense, Tibetan Incense, Resin Incense and much more. We are your source for the Finest Incense in the World. We search the world over to bring you only the finest all Natural, Fair Trade, Hand Crafted and Highest Quality Incense and Fragrance products available.
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fair trade, economy, global good, incense,
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