fair trade agreement Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “fair trade agreement” in the English Dictionary

"fair trade agreement" in Business English

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fair trade agreementnoun [C]

uk   us   COMMERCE
an ​agreement in which a ​company cannot ​sell a ​product for less than the ​priceagreed with the ​manufacturer. This is ​illegal in the US and many other countries.
(Definition of fair trade agreement from the Cambridge Business English Dictionary © Cambridge University Press)
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