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Good morning. My name is Linh. And next to me is my partner, Ly. Were from group 2.
Today, we are going to be presenting the topic: TRADE.
well start off by giving you handout of new words related to this topic so that you can have a
better understanding.
And then well go on to bring you up-to-date on background knowledge of fair trade, based on
reading: UK develops taste for fair trade on page 79 market leader course book.
Ly
Linh
ly
linh
ly
break into the world market, especially strict markets like EU, US. But later, he pointed out the
solution for these farmers that protects them from depressed world commodity and the price wars
between giant multinationals by selling products to the fair trade market.
linh
It is a controversal matter.
For The supporters, fair trade is an example of how world trade can and should be run to tackle
poverty. As We showed you in the previous example about fair trade, producers will get an added
premium, which can save a farmer from bankruptcy or mean a family has the money to send their
children to school due to price differrence.
ly
We can see that fair trade has produced a chain of advantanges for both farmers and supporters
and at the end of this chain, the first-world consummer only pays a small sum to get any food they
want. Fair-trade food is booming, fair trade food sales are growing by more than 25% a year
internationally, the farmers are benefiting in the worlds poorest countries, earning more and more
money to producers. As a result, demand for unlabelled non-food goods are also increasing such
as handicrafts and textiles.
However, while fair trade with its explosion, designed to reduce injustices of the world trade
system, could become a victim of WTO- free trade, be banned because of the WTO rules. This is
very strange.
Meanwhile, fair trade shows that social and enviromental standards can be incorporated into trade,
not charity.
Thats all covering our reading on topic: Trade. We hope some newwords and information we has
given today, will be useful to you.
And the third section, we will do a small toeic test.. lets get started.