Fair Trade Federation
The next few Gift Basket Information posts will be about the Fair Trade Industry and Fair Trade Gift Baskets. Fair Trade Gift Baskets aren’t for every gift basket business. Because of shipping costs and limited suppliers, the costs of producing a Fair Trade Basket is often too high and the profit margin too low. However, a few civic-minded gift basket companies have decided to overlook the low profit-margin and still make/sell Fair Trade Gift Baskets mostly out of support for the Fair Trade cause and community.
What is Fair Trade?
Many people are still unfamiliar with the concept of Fair Trade. The best way to describe the Fair Trade Movement is to list the nine Fair Trade Principles as set forth by the Fair Trade Federation:
- Create Opportunity
- Develop Transparent & Accountable Relationships
- Build Capacity
- Promote Fair Trade
- Pay Promptly & Fairly
- Support Safe & Empowering Working Conditions
- Ensure the Rights of Children
- Cultivate Environmental Stewardship
- Respect Cultural Identity