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In the Fair Trade system, social and economic development is made possible through an additional payment producer cooperatives receive called the Fair Trade Social Premium. This social premium is an additional sum of money above the Fair Trade minimum price, which is paid directly to producer groups by importers of Fair Trade Certified products for investment in economic and social development in their communities.
The Fair Trade minimum price is used by the producer to cover the cost of sustainable production, while the Fair Trade Social Premium is used by the producer cooperative to improve their livelihood with investments in the community in areas such as healthcare, infrastructure and education.
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