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 Organisation (WFTO).
Learn about the wor(l)ds of Fair Trade below!
Gap Analysis
A performance assessment of a business entity against a given Standard or private Code of Conduct.
Such a pre-assessment is often used to rate a business entity’s conformity levels against a given Standard and to identify any gaps in actual performance, to allow the business entity to close these gaps before a formal audit/verification and/or certification processes are initiated.