Fairtrade sets a Minimum price that a buyer must pay for a product
A premium (calculated as a percentage of the volume of produce sold) is paid to the farmer. The cooperative of Fairtrade farmers can decide how to spend it
Standard covers crop growing, mining as well as industry workers where relevant
Certification requirements increase with time.
In-person and paper audits every 3 years with some unannounced audits
Certificates are valid for 3 years