As I am a student of International Commercial Law, I have an interest about international trade. I found one topic is interesting is “Fair Trade”. As, it was my workshop and I was the lead writer on that workshop, I studied a bit further. I found one most interesting thing, In the name of fair trade the western countries getting benefit. They use cheap labour from the most developing countries. The main purpose of the fair trade is to remove the poverty and the aim is to give the wages depending upon the economic condition of the particular country. It is evident that most of the developing country’s living expenses is lower than any developed country. My issue is that as the importing country getting the same quality product from the developing country for less money they are benefitted. But the developing country are always left behind because the poor worker are getting the contemporary wages according to their social economic condition of their country, though the unemployment problem is solving.
If the develop country pay a little more to the worker of the developing country then may be poverty can be removed a bit faster.
yes good introduction but where is the principal and purpose of fair trade.
ReplyDeleteWhile i was doing my workshop on fair trade I found that the middlemen are making vast amount of profit by using the fair trade logo. The extra amount that we (consumer) pay goes to them and does not go to the producers of the poor countries. This shows that the main motive of fair trade is not fulfilled.
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