Fair Trade Flashcards
What is international trade
International trade is the purchase and sale of goods and services by companies in different countries
What are bought and sold in the international market place?
Customer good raw material, food and machinery are all bought and sold in the international market place
What is a product that is sold to the global market called 
Export
What is a product that was bought from the global market called?
Import
What are some benefits of international trade? Name 3
Customers can be exposed to goods and services that are either not available in their own country or too expensive domestically
Access to more goods and services, for customers leads to higher standard of living
Lastly, businesses benefit from a larger customer base, making more profit, fuels economy growth in a country
What are some issues with international trade? name three 
Wealthy countries are able to use the resources more efficiently countries can produce the same goods more quickly at a lower cost
Dependence on forging goods, create difficulties, in timer for one and country, is cut off by enemy action
Extreme specialization which makes a country depend on one or two industries only is bad. This is like putting all one eggs in one basket 
Name some problems that Coco farmer face 
Child, labour and unsold labour practises
Low access to education
For access to health services
Limited access to drinkable water, and sanitation 
What is fair trade? 
A system of exchange that owners producers communities consumers in the environment, a model for the global economy, religion people to people, connections, justice in sustainability a commitment to a building, long-term relationships between producers and consumers 
What are some benefits of fair trade?
Providing healthy and safe working conditions
Giving employees opportunities for advancement
Providing equal employment opportunities for all people, particularly the most disadvantaged
Building sustainable, long-term trade relationships
What four things does the fair trade label mean? 
Direct trade
Democratic and transparent organizations
Environmentally sustainable
Community development 
Name three of the 10 principles of fair trade
Opportunities for disadvantaged producers
transparency, and accountability
Fair trade practises
Fair payment
No child labour no forced labour
No discrimination, gender, equality, freedom of association
Good working conditions
Capacity building
Promote fair trade
Respect for the environment 
How has climate change affect farming? 
Increase prices
Farmers, a focus to adapt, farming, techniques,
Decrees crop yields 
Increase prices leads to higher rates of food insecurity in vulnerable populations
