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An investigation into the limits of Fair Trade as a development tool and the risk of clean-washing, HEI Working Papers, vol. 6, Geneva: Economics Section, Graduate Institute of International Studies, October. Mohan, S. (2010), Fair Trade Without the Froth – a dispassionate economic analysis of 'Fair Trade', London: Institute of Economic Affairs.
Fair trade, by this definition, is a trading partnership based on dialogue, transparency and respect, that seeks greater equity in international trade. Fair trade organizations, backed by consumers, support producers, raise awareness and campaign for changes in the rules and practice of conventional international trade. [3]
Sign announcing the Belgian city of Leuven's Fair Trade Town status. The Fair Trade Towns campaign is the result of a grass-roots citizens movement that started in the UK in 2001 (see below). It allows citizens to get together in order to self-proclaim their town (or other local geographical area) as a region that complies with a few general ...
One such organisation was the Fair Trade Union created by Joseph Chamberlain's son, Neville, and the Conservative MP Leo Amery. The British Commonwealth Union, led by Patrick Hannon, was another. Tariff Reform became official Conservative policy under Stanley Baldwin and was the major issue in the 1923 general election. The party lost its ...
The Fairtrade Foundation is a charity based in the United Kingdom that aims to help disadvantaged producers in developing countries by tackling injustice in conventional trade, in particular by promoting and licensing the Fairtrade Mark, a guarantee that products retailed in the UK have been produced in accordance with internationally agreed Fairtrade standards.
The Office of Fair Trading (OFT) was a non-ministerial government department of the United Kingdom, established by the Fair Trading Act 1973, which enforced both consumer protection and competition law, acting as the United Kingdom's economic regulator.
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The following alternatives to free trade have been proposed: protectionism, [79] imperialism, [80] balanced trade, [81] fair trade, [82] and industrial policy. [83] Under balanced trade, nations are required to provide a fairly even reciprocal trade pattern; they cannot run large trade deficits or trade surpluses.