WFTD meaning in Business ?

Answer:

What is World Fair Trade Day mean?

The World Fair Trade Organization (WFTO), is a global association of 401 organizations who are committed to improving the livelihoods of economically marginalised producers. WFTO has members in 76 countries. Members are primarily fair trade enterprises, whose business model is verified by independent audit and peer review. Verification is at enterprise level, which covers all aspects of the business and supply chain. WFTO verification should not be confused with commodity certification systems, such as Fairtrade certification, where only a component of the product is covered. The WFTO product label can only be used by verified fair trade enterprises, which consist of producer cooperatives and associations, export marketing companies, importers, retailers, national and regional fair trade networks and Fair Trade Support Organizations. WFTO is democratically run on a one member one vote basis. WFTO was created in 1989 and was formerly the International Federation of Alternative Traders ("IFAT").

WFTO members use commercial activity to achieve a social mission and have been referred to as 'Fair Trade Social Enterprises'.

WFTO's stated mission is "to enable producers to improve their livelihoods and communities through Fair Trade". Their five goals are:

To be the leading network of the Fair Trade movementTo provide an environment for sharing and learningTo raise awareness of and promote the Fair Trade model, and advocate for change to conventional trade.To create market access opportunities for membersTo enhance WFTO's capability to deliver a broader range of services to its members

In 2017 the WFTO board appointed Erinch Sahan as Chief Executive.

reference

Full Form	Category
World Fair Trade Day	Business
Work For The Dole	Business
Wisconsin Farm Technology Days	Computing
Word For The Day	General
Women's Flying Training Detachment	Governmental