Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.
Ecuador: Cases of Fair TradeMonday, January 09, 2017 > 15:40:09
SMALL ECUADORIAN PRODUCERS, IN LINE WITH THIS TRADE ALTERNATIVE THAT PLACES HUMANS AT THE CORE OF THEIR ENTERPRISE, EXPORT THEIR PRODUCTS TO THE WORLD. FROM 2010 TO 2015, THE ANNUAL VOLUME GROWTH OF NATIONAL EXPORTS UNDER THIS MODALITY IS 49.2%.
According to figures issued by the Ministry of Foreign Trade, approximately 150,000 Ecuadorian small producers are directly and indirectly involved in fair trade based on popular and solidary economy organizations.
In order to promote the development of a social, sovereign, and solidary economic system, Ecuador, through the Ministry of Foreign Trade and different voices linked to fair trade, started the 2014-2017 Ecuadorian Fair Trade Strategy – a public political proposal focused on trade incentives, promotion, and regulation framed in respect and sustainability with international incidence. More than 230 stakeholders collaborated in this initiative, including producers, craftspeople, importers, academicians, designers, social trade companies, national and international fair trade networks, public institutions, and international cooperation organizations.
Fair Trade is recognized throughout the world for promoting a reciprocal relation between consumers and small producers, who receive adequate surplus for their products and, at the same time, guaranteeing good labor conditions and environmentally friendly practices. Between 2010 and 2015, Ecuador has shown peak export figures under this modality with an annual growth in value of 24.97% (FOB) and 49.18% in volume, according to the Ministry of Foreign Trade.
The main Ecuadorian products exported under this modality are bananas (44%), cacao (25%), and flowers (21%), followed in a smaller percentage by juices, fruits, jams, coffee, nuts, quinoa, crafts, cosmetics, spices, medicinal plants, and others. Today in Ecuador 21 certified small producers are benefitting from this type of international trade from which 3,376 jobs were created as of 2014; 93.86% of products exported through fair trade reach the markets in Europe (54.52%) and the United States (39.34%.)