Meaning of “fair trading” in the English Dictionary

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"fair trading" in Business English

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fair tradingnoun [ U ]

uk us

ECONOMICS, LAW buying and selling that is carried out honestly and is fair to buyers, sellers, producers, and consumers:

The company has been strongly criticized by a fair trading body.

ECONOMICS an agreement between countries that trade with each other that they will not charge tax on each other's imports:

Membership of the EU depends on compliance with fair trading.

(Definition of “fair trading” from the Cambridge Business English Dictionary © Cambridge University Press)