F E A T U R E D A R T I C L E
Potential of Fair Trade for Developing Countries
by Iņaki Recondo
Free Trade agreements rather than encouraging prosperity and democracy have dramatically increased economical differences between developed and developing countries. It is not clear that such agreements as NAFTA and the future FTAA have delivered or will deliver the promises of increasing wealth, creating jobs or giving strength to democracy.
Fair Trade has its origin in responding to the unfair sides of Free Trade. Unfair techniques such as tariffs, quotas, subsidies and dumping policies are trade barriers which developed countries impose on developing countries to make the export of their goods and products even more difficult.
Traditionally, Fair Trade was focused on the agricultural industry, bringing the benefits of fair-trade to local communities of developing countries and helping these small-scale producers to gain direct access to international markets as well as to develop the necessary business capacity to compete in the global market.
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