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

sail

When a boat or a ship sails, it travels on the water.

Word of the Day

Byronic, Orwellian and Darwinian: adjectives from names.

by Liz Walter,
April 15, 2015
Becoming an adjective is a strange kind of memorial, but it is often a sign of a person having had real influence on the world. Science is full of examples, from Hippocrates, the Greek medic born around 460 BC, who gave his name to the Hippocratic Oath still used by doctors today,

Read More 

dumbwalking noun

April 20, 2015
walking slowly, without paying attention to the world around you because you are consulting a smartphone He told me dumbwalking probably wouldn’t be a long-term problem.

Read More