Trade And Fairtrade Flashcards
What is trade
Trade is buying and selling (exchange) of goods between countries
What are imports and exports
Goods and services bought and sold by countries
What is an export
An export is when the producer country sells the item
What is an import
When the consumer country pays for the item that has been provided
Where is coffee grown
Coffee is grown in countries between the tropics of cancer and Capricorn. This is called the bean belt
Where is coffee distributed
Coffee is mostly distributed to MEDCS in Europe, North America and Oceania.
Name a few producer countries of coffee
Brazil, Ethiopia, Peru, Honduras, Papua New Guinea.
Name some consumers
Sweden, USA, Italy, Canada, UK
What causes the coffee prices to fall
Demand and supply.
What is Fairtrade
Fairtrade guarantees a better deal for third world producers
Name 3 Fairtrade products
Coffee, bananas, cocoa
How do you know if a product is Fairtrade
Has Fairtrade logo on it.
How does Fairtrade benefit farmers?
The farmers will get a fair price regardless of the world market. This means the quality of life should improve as well as long term prospects for their children.
