For Handicraft Fair Trade products, an interest free pre-payment of at least 50 % is made on request. However, most trade depends on low-cost labour and exploitation of natural resources, which is neither fair nor sustainable. The clips in the video are taken during the 2011 Biennial Global Conference of the WFTO in Mombasa, Kenya last 23-26 May 2011. As Fair Trade Federation (FTF) members, we fully commit to the following principles created by FTF using the global principles of the World Fair Trade Organization (WFTO) as their foundation.. 1: Create Opportunities for Economically and Socially Marginalized Producers. Fair Trade minimizes the exploitation of producers. The system does allow tariffs and, in limited circumstances, other forms of protection. Fair Trade is a strategy for poverty alleviation and sustainable development. Demonstrating compliance earns Fair Trade Enterprises the designation "Guaranteed Fair Trade". Business entities do not have greater rights than ... 10 PRINCIPLES FOR TRADE. World Fair Trade Organization The World Fair Trade Organization (WFTO) is a global network of smaller Fair Trade organizations, as well as individual companies. It provides a safe workplace for workers and farmers in developing countries and ensures a fair return for their labour. Trade and investment agreements reinforce fair and equal access to justice and legal protection. Six Principles of Fair Trade. Investors and corporations must respect the rights of communities, workers and the environment. The elimination of poverty, to ensure fair and sustainable livelihood enhancement of the small and marginal sections of society by supporting and promoting, ‘fairness in trade’. You can read more detail about these 10 principles on the WFTO website. Principle One: Creating Opportunities for Economically Disadvantaged Producers. Note that this video illustates one on my previous post: 10 Principles of Fair Trade The 10 principles of Fair Trade. This Standard is the heart of the WFTO Guarantee System, focusing on the management and operation of Fair Trade Enterprises. Fair trade is based on partnership, which means that farmers and workers concerns should be as significant as other commercial considerations. For small-scale producers Fairtrade standards require an organizational structure that allows the producers to actually bring a product to the market. The WFTO Fair Trade Standard specifies criteria for assessing if an enterprise truly implements the 10 Principles of Fair Trade. Promoting fair competition . The WTO is sometimes described as a “free trade” institution, but that is not entirely accurate. This is an introductory video of the World Fair Trade Organization (WFTO) and its 10 Fair Trade Principles. The WFTO has a five-stage guarantee system to monitor all its members and make sure they conform to the principles of Fair Trade and to the group’s own Fair Trade standard. 10 Principles of Fair Trade Principle One: Creating Opportunities for Economically Disadvantaged Producers This is the reason Purnaa exists - to provide dignified employment to create fresh starts and fulfilled lives is why Purnaa was established. Common principles. The following common principles are considered in all Fairtrade standards applicable to small-scale producers and workers and their organizations: Social development. Fair Trade buyers, recognising the financial disadvantages producers and suppliers face, ensure orders are paid on receipt of documents and according to the attached guidelines. More accurately, it is a system of rules dedicated to open, fair and undistorted competition. The WFTO has 10 principles of Fair Trade that ensure that people and the planet are put first. Fair Trade Principles.