Glossary

If you feel that the world of Fair Trade has its very own language – don’t fret! We’ll keep you in the know!

 

With this glossary we’ll guide you through the common technical terms used by FLOCERT, Fairtrade International and the World Fair Trade Organization (WFTO).

 

Learn about the wor(l)ds of Fair Trade below!

Fairtrade Purchase Transaction

Fairtrade Purchase Transactions are purchase transactions which must be reported to FLOCERT by Fairtrade Price and/or Premium Payers on a quarterly basis. Only transactions which are already considered “closed” (both price and premium already transferred to suppliers) should be reported.

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