Comprehensive and Detailed Explanation From Exact Extract of Documents:
The World Fair Trade Organisation (WFTO) has a set of 10 principles designed to ensure fair and
sustainable trade. These include providing opportunities for disadvantaged producers, ensuring the
payment of a local living wage, promoting gender equity, and rejecting child labour and forced
labour. The L5M5 study guide (p.295) confirms that the WFTO focuses on disadvantaged producers in
developing countries, differentiating it from organisations like the ILO, which sets broader labour
standards, and the OECD/EU, which focus on economic or political cooperation. Procurement
professionals may encounter WFTO-certified suppliers, especially in commodities like coffee, cocoa,
and handicrafts.
📖Reference: Managing Ethical Procurement and Supply (L5M5) Study Guide, p.295
