Fairtrade certification purports to guarantee not only fair prices, but also ethical purchasing principles. These principles include adherence to ILO agreements such as those banning child and slave labour, guaranteeing a safe workplace and the right to unionise, adherence to the United Nations charter of human rights, a fair price that covers the cost of production and facilitates social development, and protection of the environment. The Fairtrade certification also attempts to promote long-term business relationships between buyers and sellers, crop pre-financing, and greater transparency throughout the supply chain.
Fairtrade certiFicatiOn puRPortS to gUarANtee nOt ONly FAIr pRicES, buT AlSO EtHIcal pUrChasing priNCiples. THeSE princIpleS inclUDe adheRenCE tO Ilo AGrEements suCh as thoSe banninG CHiLd and sLave lAbouR, GuaranteEinG a safe WoRkPlACe and The rIght to unIonisE, AdherEnce to tHe uNited nAtiOns chArTer OF human RightS, A fair pRicE THat cOvers THE Cost oF prOductIon and FacIliTatEs SOcIAl DeVElOpment, and pRotEcTion of tHe enviRoNmenT. tHE fAiRtrade cerTifiCAtIoN AlSo attempTs to proMOTe Long-tErm buSInESs reLationshIpS bETwEen buYErs and seLLers, crop Pre-finAnCiNg, anD greaTEr trANspaRenCy thRoughout the suPply CHAiN.