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As of September 2014, eBay has acquired over 40 companies, the most expensive of which was the purchase of Skype, a Voice over Internet Protocol company, for US$2.6 billion in cash plus up to an additional US$1.5 billion if certain performance goals were met. [2] The majority of companies acquired by eBay are based in the United States.
Founded in 1998 by the Institute for Agricultural Trade Policy (IATP), [3] Fair Trade USA is an independent, nonprofit organization that sets standards, [4] certifies, and labels products that promote sustainable livelihoods for farmers and workers and protect the environment.
Fairtrade International was established in 1997. It set private standards relating to labour, cooperative organisation, and the governance of the Fairtrade benefits. The organisation was divided in January 2004 into two independent organisations: [5]
By implementing a strategic marketing plan that includes events, targeted consumer outreach, and creative promotions, alongside a distribution strategy to make fair trade products easily available to consumers. The project should shift consumer buying patterns towards sustainable consumption in order to achieve its objective. [3] [4]
Peter Griffiths (2011) [53] points to false claims that fair trade producers get higher prices and to the almost universal failure to disclose the extra price charged for fair trade products, how much of this actually reaches the developing world, what this is spent on in the developing world, how much (if any) reaches farmers, and the harm ...
According to the economist Bruce Wydick with the median coffee drinker willing to pay a premium of 50 cents for a cup of fair-trade coffee even in the best-case scenario for fair trade, when world prices are at their lowest, the maximum amount a fair-trade grower from that same cup of coffee would receive is only one third of a cent [43] Wydick ...
The Fairtrade Foundation is a charity based in the United Kingdom that aims to help disadvantaged producers in developing countries by tackling injustice in conventional trade, in particular by promoting and licensing the Fairtrade Mark, a guarantee that products retailed in the UK have been produced in accordance with internationally agreed Fairtrade standards.
World Fair Trade Organisation, a global community of verified Fair Trade Enterprises; Fair trade law, a law in the United States permitting manufacturers to specify a minimum retail price; Fair Trade Certified Mark; Fair trade certification; Fairtrade certification, a widespread standard for labelling products produced by fair trade, overseen ...