Sections:
DFID to increase funding for Fairtrade products by 150 per cent
Sales
of Fairtrade products for 2004 are likely to be confirmed in excess of £130 million, maintaining the 40+% growth seen over recent years. In fact, the UK recently overtook Switzerland to
become the biggest Fairtrade market in the world.
Those sales add up to more than just good business. The
Fairtrade Foundation
(FTF) helps farmers and other producers
to earn a decent living and obtain good healthcare and education. It's making a
real contribution towards helping poor people to help themselves out of poverty.
DFID has been a key partner in that success, and is committed to helping Fairtrade build on that success.
Which is why, at
the start of
Fairtrade
Fortnight (March 1-13, 2005), Hilary Benn, the Secretary of State for
International Development, is announcing funding of £750,000 for the
FTF.
It is an increase of 150 per cent on the Department for International Development's (DFID) previous contribution of £300,000. bringing DFID's total support to over £1 million between 2002 and 2007.