Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “fair trade”

See all translations

fair trade

noun [U] ( also fairtrade)
 
 
SOCIAL RESPONSIBILITY a system of trading with a developing country in which a good price is paid for their exports, and the people who produce the goods have good working conditions and are paid a fair wage: It's important that the benefits of fair trade reach the poorest communities. The use of child labor goes completely against fairtrade principles.
ECONOMICS an agreement between countries that trade with each other that they will not charge tax on imports from the other country or countries: China protested that the EU's actions amounted to a breach of fair trade regulations.
SOCIAL RESPONSIBILITY, COMMERCE trading that is fair to consumers
fairtrade coffee/bananas/chocolate, etc. SOCIAL RESPONSIBILITY, COMMERCE things produced in a developing country by people who have good working conditions and fair pay, and who are paid a fair price for their goods: Consumers are increasingly choosing fair trade products.
(Definition of fair trade from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of fair trade?
Add Cambridge dictionaries to your browser to your website

Definitions of “fair trade” in other dictionaries

Word of the Day

bad/hard/tough luck

said to express sympathy with someone when something bad has happened to them

Word of the Day

Think long and hard; the language of decisions

by Liz Walter,
January 28, 2015
One of the best ways (perhaps the best way) to improve your English is to learn how words go together in phrases, idioms, or other patterns such as verb/noun or adjective/noun pairs (often called ‘collocations’). This blog looks at some useful phrases and collocations connected with the subject of decisions, something we

Read More 

micro pig noun

January 26, 2015
an extremely small pig, bred to be a pet Micro pigs have become popular pets recently, with famous owners including Victoria Beckham, Paris Hilton and Olympic diver, Tom Daley.

Read More