The Global Coffee Trade (Fairtrade) Flashcards
how can fairtrade enable community development in LIC nations
alongside the fairtrade minimum, buyers also pay a fairtrade premium - this goes straight to the community to help them develop
can afford education
people can come together in co-operatives so no one benefits more than another
the fairtrade premium leads to the …. effect as farmers have more disposable income
multiplier
what does fairtrade in NEEs allow consumers to become
more ethical and buy goods in a better way
what does kuapa kokoo do
teaches farmers how to farm in more effective ways, also provide more infrastructure and services
allows them to apply for low interest loans when times are hard
aims of fair trade
achieve better trading conditions and promote sustainability
examples of fair trade goods
coffee, tea, cocoa and bananas
fair trade focusses on
trade among individuals
fair trade primarily benefits
workers (vulnerable farmers in LICs)
criticisms of fair trade
excludes workers not in fair trade agreement
some companies may not have it as it is too expensive
interferes with free market
impact on too small a scale
fair trade supply chain
fewer parties
more direct chain
key advocate organisation for fair trade
world fair trade organisation
how much is the global coffee market worth
$42.5 billion
how many producers worldwide rely on the coffee trade
25 million
in the US how many cups of coffee are consumed per year
66 billion
what percentage of coffee is grown in Columbia
15%
