The True Cost Of Fair Trade Goods

The video explores the concept of Fairtrade, which emerged in the 1980s to ensure fair pay and safe working conditions amid globalization. It discusses the challenges of varying international work laws and how Fairtrade certification addresses these by setting minimum prices. The COVID-19 pandemic significantly impacted the Fairtrade market, with a drop in demand and increased supply control. Despite these challenges, there is hope for the future of conscious consumerism, although issues like climate change continue to affect small-scale farmers.

What was the primary reason for the creation of Fairtrade in the 1980s?

• To ensure fair working conditions and pay

• To increase global outsourcing

• To promote international trade

• To reduce the cost of goods

How does Fairtrade certification help businesses?

• By eliminating the need for labels

• By reducing the need for international partners

• By establishing a minimum price for products

• By increasing their profit margins

What was one significant impact of the COVID-19 pandemic on the Fairtrade market?

• Increased demand for Fairtrade products

• A 66% drop in demand for Fairtrade products

• More international partnerships

• Higher wages for Fairtrade workers

What is a major challenge faced by small-scale farmers in the Fairtrade system?

• Overproduction of crops

• Lack of access to international markets

• Inability to afford irrigation systems

• Excessive government regulations

Despite challenges, what is the outlook for the future of Fairtrade according to advocates?

• Shift towards non-Fairtrade products

• Complete market collapse

• Hopeful about the future of conscious consumerism

• Decline in consumer interest