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Article

29 Jan 2007

Author:
Devin T. Stewart, Policy Innovations [USA]

United States Must Redefine "Fair Trade"

...Washington's new political makeup provides an opportunity to shape a globalization that benefits all. In the realm of international trade, a starting point may be to reconcile free and fair trade...[Trade] is a tool to help increase living standards, lower poverty, and advance political freedom and human rights...[H]ow can the principles of a more moral trade policy be applied to extractive industries?...Slavery, poor working conditions, and environmental degradation are particularly problematic in illegal mining and logging operations. As a result, multinational corporations have started carefully scrutinizing their supply chains. Ford Motor and General Motors, for example, recently stopped using Latin American pig iron produced by slave labor...Part of the problem is simply keeping tabs on corporate behavior and publicizing the findings. Oxfam and the Business & Human Rights Resource Centre have excelled in this area...[T]he United States...[could promote] socially responsible business models...Ethically traded goods are those produced by companies that ensure labor standards are enforced within their own company and by their suppliers. [also refers to DaimlerChrysler, Honda]