World trade: fair trade? Flashcards
What conditions are bananas grown in?
tropical conditions, in the lower latitudes
Why are global systems important for HICs to receive bananas?
Many HICs rely on imports as they cant grow them themselves
Why do UK supermarkets use bananas as ‘loss leaders’?
they are cheaper than apples (which are grown in UK), so are sold cheaply that no profit is made so they use them as an incentive to lure shoppers in
Why are supermarkets able to negotiate low prices for bananas with plantations and farmers?
bananas have a short shelf life
Has the sales of Fairtrade products soared in the UK in recent years?
yes
What is Fairtrade?
Fairtrade aims to pay farmers a guaranteed minimum price so they can use it as investment in their local communities
How many Fairtrade-certified producer organisations are there?
1210
How many countries benefit from Fairtrade-certified producer organisations?
74
How many people benefit from Fairtrade-certified producer organisations?
6 million
When were the first Fairtrade products sold?
in the late 1940s
What is one of the worlds largest producers of Fairtrade bananas?
the El Guabo Association
How many boxes of bananas does the El Guabo Association export a week to USA and Europe?
30,000 boxes
What are the economic benefits of the El Guabo Association?
- stabilised incomes and improved standards of living
- long-term contracts
- guaranteed fair wage
What are the social impacts of the El Guabo Association ?
- education and medical supplies
- support for poorest groups
- health care benefits
