HORTICULTURE SCIENCE
GENERAL AGRICULTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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when companies in developed countries pay fair prices to producers
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when LDCs pay fair prices for products from MDCs
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when governments reduce trade restrictions across international borders
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When MDCs reduce tariffs and sanctions on other countries
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Detailed explanation-1: -Fair trade is a movement that believes it is unethical to pay producers in developing countries the market price if that price is too low to provide a sufficient quality of living. Instead, certain importers agree to pay producers in the developing world at least a minimum price for their goods.
Detailed explanation-2: -Fair Trade is a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. It contributes to sustainable development by offering better trading conditions to, and securing the rights of, marginalized producers and workers – especially in the South.
Detailed explanation-3: -Fairtrade can provide producer support and expertise in deepening gender equality. For workers employed on Fairtrade certified plantations, investment of the Fairtrade Premium into education, better housing, better schools and medical facilities is highly valued.