If you feel that the world of Fair Trade has its very own language – do not worry! With this glossary we would like to guide you through the specific technical terms used by FLOCERT, Fairtrade International and the World Fair Trade Organization (WFTO).
Fairtrade Purchase Transaction
Fairtrade Purchase Transactions are purchase transactions which must be reported to FLOCERT by Fairtrade Price and/or Premium Payers on a quarterly basis. Only transactions which are already considered “closed” (both price and premium already transferred to suppliers) should be reported.