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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 Organization (WFTO).
Learn about the wor(l)ds of Fair Trade below!
Cost of sustainable production (COSP)
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The cost of sustainable production is the cost of producing a product sustainably and in a socially, economically and environmentally responsible way that conforms with Fairtrade Standards. The Standards Unit assumes that the COSP reflects sustainability.