Is Free Trade Fair ?

Free trade refers to a general openness to exchange goods and information between and among nations with few-to-no barriers-to-trade. Fair trade refers to exchanges, the terms of which meet the demands of justice. Proponents of fair trade argue that exchanges between developed nations and lesser developed countries (LDCs) occur along uneven terms, and should be made more equitable. The Fair Trade Federation's Annual Report describes the fair trade movement as "a global network of producers, traders, marketers, advocates and consumers focused on building equitable trading relationships between consumers and the world's most economically disadvantaged artisans and farmers.

At the moment, trade rules are stacked in favour of rich countries. Rich countries want to keep protecting a few sectors in their own countries, such as their farmers, while using international trade talks to prise open poor countries' markets.
In return, poor countries want to protect their vulnerable sectors and promote new industries - but are being prevented from doing so.
By locking in essentially irreversible 'free trade' policies, rich countries and big business are set to bring misery to millions of poor people.

Read more at http://www.actionaid.org.uk/trade/free-trade#1QiCSuaCSQeXF7hg.99

At the moment, trade rules are stacked in favour of rich countries. Rich countries want to keep protecting a few sectors in their own countries, such as their farmers, while using international trade talks to prise open poor countries' markets.
In return, poor countries want to protect their vulnerable sectors and promote new industries - but are being prevented from doing so.
By locking in essentially irreversible 'free trade' policies, rich countries and big business are set to bring misery to millions of poor people.

Read more at http://www.actionaid.org.uk/trade/free-trade#1QiCSuaCSQeXF7hg.99

At the moment, trade rules are stacked in favour of rich countries. Rich countries want to keep protecting a few sectors in their own countries, such as their farmers, while using international trade talks to prise open door countries markets. In return, poor countries want to protect their vulnerable sectors and promote new industries - but are being prevented from doing so.

Some people think that developing countries should abandon free trade agreements because ree trade creates an equal business environment. By signing the agreement, countries will put their private sectors to compete with other countries’ private sectors in equal terms. For poorer countries, it means their private sectors – whom are relatively weaker – will compete against much stronger companies. The regulation may be equal, but the players capabilities are certainly not. The price for a free trade is more expensive than the benefit it brings. The practice of free trade agreements will undoubtingly give market access to much richer country.

Rich countries and business leaders says free trade is the best way out of poverty for developing countries. But there is little evidence to support this - in fact the opposite is true. Countries that have rapidly opened their markets to the free trade, such as Haiti, Nepal, Zambia, and Peru have very poor records on poverty reduction and economic growth. On the other hand, countries such as Taiwan and South Korea chose to protect their domestic industries rather than completely open their economies to global trade. And when they did choose to open up, they did it on their own terms and at their own speed. This is not only produced higher economic growth, but resulted in lower poverty and inequality


References :
https://www.dosomething.org/tipsandtools/free-trade-vs-fair-trade
http://www.globalenvision.org/library/15/834
http://www.open.edu/openlearn/society/international-development/international-studies/how-fair-free-trade
http://debatewise.org/debates/1053-poorer-countries-should-abandon-free-trade-agreements/
http://www.actionaid.org.uk/trade/free-trade

Created by :
HARDIYANTO GUNAWAN / 1701327144

Rich countries and business leaders say free trade is the best way out of poverty for developing countries. But there is little evidence to support this – in fact the opposite is true
Read more at http://www.actionaid.org.uk/trade/free-trade#1QiCSuaCSQeXF7hg.99

At the moment, trade rules are stacked in favour of rich countries. Rich countries want to keep protecting a few sectors in their own countries, such as their farmers, while using international trade talks to prise open poor countries' markets.
In return, poor countries want to protect their vulnerable sectors and promote new industries - but are being prevented from doing so.
By locking in essentially irreversible 'free trade' policies, rich countries and big business are set to bring misery to millions of poor people.

Read more at http://www.actionaid.org.uk/trade/free-trade#1QiCSuaCSQeXF7hg.99

At the moment, trade rules are stacked in favour of rich countries. Rich countries want to keep protecting a few sectors in their own countries, such as their farmers, while using international trade talks to prise open poor countries' markets.
In return, poor countries want to protect their vulnerable sectors and promote new industries - but are being prevented from doing so.
By locking in essentially irreversible 'free trade' policies, rich countries and big business are set to bring misery to millions of poor people.

Read more at http://www.actionaid.org.uk/trade/free-trade#1QiCSuaCSQeXF7hg.99