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Definition of “fair trade” - English Dictionary

"fair trade" in British English

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fair tradenoun [U]

(also fairtrade) uk   us  
a way of ​buying and ​sellingproducts that makes ​certain that the ​people who ​produce the ​goodsreceive a ​fairprice: The ​charity says that ​fairtradebrings a ​betterstandard of ​living for ​poorfarmers in ​developingcountries. fairtradecoffee/​chocolate
fairly traded
adverb uk   us  
fairlytradedbananas
(Definition of fair trade from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)

"fair trade" in Business English

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fair tradenoun [U]

(also fairtrade) uk   us  
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 ​workingconditions and are ​paid a ​fairwage: It's important that the ​benefits of ​fairtradereach the ​poorestcommunities. The use of child ​labor goes completely against fairtrade ​principles.
ECONOMICS an ​agreement between countries that ​trade with each other that they will not ​chargetax on ​imports from the other country or countries: China ​protested that the EU's ​actions amounted to a ​breach of ​fairtraderegulations.
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 ​workingconditions and ​fairpay, and who are ​paid a ​fairprice for their ​goods: Consumers are ​increasingly choosing ​fairtradeproducts.
(Definition of fair trade from the Cambridge Business English Dictionary © Cambridge University Press)
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“fair trade” in English

“fair trade” in Business English

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