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Fair-trade Agreement for Dummies

noun


What does Fair-trade Agreement really mean?

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Hey there! Let's talk about the term "Fair-trade Agreement." Do you know what "fair-trade" means? No worries if you don't, I'm here to help you understand it!

So, imagine you have a delicious, mouthwatering chocolate bar. Yum! Have you ever wondered where that chocolate comes from? Well, sometimes, the cocoa beans used to make chocolate are grown in countries where workers are not treated fairly. They might not get paid a fair salary, work long hours without breaks, or even face dangerous conditions. And that's not fair, right?

To make things fair for these workers, a fair-trade agreement is established. It's like a special arrangement that ensures everyone involved in producing a product receives fair treatment and gets paid a fair wage for their hard work. It's kind of like when you and a friend agree to share your toys equally, making sure both of you are happy and treated fairly. In this case, fair-trade ensures that workers are treated justly and not taken advantage of.

Now, let's dig a little deeper! In addition to ensuring fair treatment and wages, fair-trade agreements also focus on a few other important things.

Firstly, fair-trade agreements promote better working conditions. This means that workers are provided with a safe and healthy environment to do their jobs. Just like how a classroom needs to be a safe and comfortable space for you to learn, fairness in the workplace means workers can carry out their tasks without any harm or danger.

Secondly, these agreements also emphasize protecting the environment. Just like you need clean air and a clean classroom to thrive, fair-trade practices attempt to minimize the impact on the environment. So, the process of producing goods shouldn't harm the earth, such as by causing pollution or deforestation.

Now, let's sum it all up!

In a nutshell, a fair-trade agreement is a special arrangement that ensures workers are treated fairly, paid a fair wage, and provided with safe working conditions while protecting the environment. It aims to create a balanced and fair system where everybody involved in making a product is happy and treated fairly, just like how you would want to be treated.

I hope that clears things up for you! If you have any more questions or if there's anything else I can help you with, feel free to ask!

Revised and Fact checked by Emily Johnson on 2023-10-27 23:22:52

Fair-trade Agreement In a sentece

Learn how to use Fair-trade Agreement inside a sentece

  • When two countries agree to trade their goods and services in a fair way, without taking unfair advantage of each other, it is called a fair-trade agreement. For example, if Country A agrees to buy a certain amount of fruits from Country B at a fair price, and in return Country B agrees to buy a certain amount of computers from Country A at a fair price, they have made a fair-trade agreement.
  • Imagine that you and your friend have a collection of trading cards. If you both agree to exchange cards in a fair way, where both of you get cards of similar value, it is like a fair-trade agreement between you and your friend.
  • Let's say you have a toy car that you no longer play with, and your friend has a puzzle that they don't want anymore. If you both agree to swap your toy car for their puzzle, making sure both of you are happy with the exchange, it can be considered a fair-trade agreement.
  • Sometimes, different countries have different taxes on imported goods. However, if they agree to set the taxes at similar levels to ensure fairness in trade, it can be called a fair-trade agreement. This way, no country can unfairly charge higher taxes on imported goods than the other.
  • Imagine you have a lemonade stand and your friend has a cookie stand. If you both agree to trade a glass of lemonade for a cookie, making sure the amounts of lemonade and cookies are similar in value, it is a fair-trade agreement between your lemonade stand and your friend's cookie stand.

Fair-trade Agreement Hypernyms

Words that are more generic than the original word.