Also known as: Fairtrade, Equitable trade
An international movement promoting more equitable trade conditions for producers and workers in developing countries, guaranteeing minimum prices, social premiums, and labor and environmental standards.
Fair Trade is an international movement seeking more equitable trade relationships between producers in developing countries and buyers in developed nations. It establishes guaranteed minimum prices covering sustainable production costs, social premiums for community investment, decent working conditions, child labor prohibition, and responsible environmental practices. Certified products carry the Fairtrade seal. Mexico is one of the leading exporters of fair trade products, especially coffee, cocoa, honey, and tropical fruits.
Certificate of Origin
Document certifying that goods originate in a specific country, required to claim preferential tariff rates under trade agreements.
TradeDefinitive Export
Customs regime allowing goods to leave the country to remain abroad indefinitely.
TradeTrade Agreement
A pact between two or more countries establishing preferential conditions for goods and services exchange, reducing tariff and non-tariff barriers to bilateral or multilateral trade.
TradeRules of Origin
Criteria determining the economic nationality of goods, required to qualify for preferential tariff rates under free trade agreements.