Fair trade has more benefit to suppliers than free trade.

May 29th, 2016
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This document explains on Fair trade has more benefit to suppliers than free trade. To what extent do you agree.

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Running head: FAIR TRADE IS MORE BENEFICIAL TO SUPPLIERS THAN FREE TRADEFair trade is more beneficial to suppliers than free tradeNameCourseTutorInstitutionDate1FAIR TRADE IS MORE BENEFICIAL TO SUPPLIERS THAN FREE TRADE2There are many forces that control the international market but the most influential ofthese forces are free trade and fair trade. Free trade refers to a policy whereby, there is nodiscrimination against exports or imports by the government. The defining characteristic of sucha market is that there are few restrictions in the market. This is because the government allowsmarket forces to set product prices. On the other hand, fair trade refers to a policy whereby tradeis based on transparency and respect with the aim of developing equity in international trade. Ithelps suppliers in developing countries get better prices for their products. This essay will outlineto what extent fair trade is beneficial to the supplier.Fair trade creates transparency in the international market which in turn, brings aboutequity in international trade. According to (Hayes & Moore 2005), fair trade ensures thatdeveloping countries experience sustainable trading

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