From Longman Dictionary of Contemporary Englishfair tradefair ˈtrade noun [uncountable] the activity of making, buying, and selling goods in a way that is morally right, for example by making sure that international labour laws are obeyed, that the environment has not been damaged by making the goods, and that the people who grow or make a product have been paid a fair price for it fair trade bananasFrom Longman Business Dictionaryfair tradeˌfair ˈtradeECONOMICS1[uncountable] a system in which two countries which are TRADING PARTNERs agree not to charge import taxes on particular goods they buy from each otherThe EU has fixed a date by which members should comply with its fair trade rules.2[uncountable] trading practices that do not restrict the rights of consumersJapan’s Fair Trade Commission issued new anti-monopoly guidelines.America’s fair trade laws → trade
