Glossary
If you feel that the world of Fair Trade has its very own language – don’t fret! We’ll keep you in the know!
With this glossary we’ll guide you through the common technical terms used by FLOCERT, Fairtrade International and the World Fair Trade Organisation (WFTO).
Learn about the wor(l)ds of Fair Trade below!
Fairtrade Payer
Fairtrade Payers are the buyers responsible for paying the Fairtrade Minimum Price or agreed commercial price and/or the Fairtrade Premium.
See also: …
Fairtrade Premium
An extra sum of money, paid on top of the selling price, that farmers or workers invest in projects of their choice. They decide together how to …
Fairtrade Premium Committee
A committee consisting of elected worker members and appointed advisors from management. Its purpose is to manage the Fairtrade Premium received for …
Fairtrade Premium payer
The trader responsible for paying the Fairtrade Premium to the producer and reporting to the certification body.
See also: Fairtrade Payer.
Fairtrade Price Payer
The trader responsible for paying at least the Fairtrade Minimum Price to the producer and reporting to the certification body.
See also: Fairtrade …
Fairtrade Product Standards
Requirements that apply to a specific product category, in addition to the Fairtrade Standards. Fairtrade Product Standards supersede Fairtrade …
Fairtrade Sourced Ingredients (FSI)
Short form: FSI. A commodity-sourcing approach applicable to all products except bananas. The model focuses on the sourcing of Fairtrade commodities …
Fairtrade stakeholder
Fairtrade stakeholders refers to all those actively involved in the Fairtrade system. This includes, but is not limited to, producers, traders, …
Fairtrade Standards
Fairtrade Standards, comprising Fairtrade Generic Standards and Fairtrade Product Standards, are requirements that producers and traders must meet in …
Fairtrade Trader Standard (GTS)
Requirements that traders must meet, irrespective of the product traded, in order to obtain a Fairtrade certificate. …
Fairtrade traders
An organisation that buys, sells, and/or manufactures/processes, and that has obtained product certification as per the relevant Fairtrade Standards.
Finance Committee (Fairtrade International/FLOCERT)
The Finance Committees of Fairtrade International and FLOCERT assist and advise the respective Boards on all financial matters within Fairtrade …
Financial Sanctions
Monetary penalty that may be applied by FLOCERT as a sanction in certain situations.
Finished Product
A Finished Product is a consumer-ready product, which is Fairtrade labeled and in its final packaging (not further repacked/transformed).
First-party audit
Organisations use first-party audits (internal) to audit themselves for internal purposes. They can also be carried out by an external organisation …