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English definition of “fair trading”

fair trading

noun [U]
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. → See also Office of Fair Trading
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 noun from the Cambridge Business English Dictionary © Cambridge University Press)

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