fair trade


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fair trade

n.
1. Trade carried on according to a commercial agreement under which distributors sell products of a given class at no less than a minimum price set by the manufacturer.
2. Trade that is considered fair because it respects workers' rights and minimizes environmental damage.

fair′-trade′ adj.

fair trade

n
1.
a. the practice of directly benefiting producers in the developing world by buying straight from them at a guaranteed price
b. (as modifier): fair-trade coffee.
2. (Commerce)
a. the practice of directly benefiting producers in the developing world by buying straight from them at a guaranteed price
b. (as modifier): fair-trade coffee.

fair′ trade′


n.
trade carried on under a fair-trade agreement.

fair′-trade′



v. -trad•ed, -trad•ing,
adj. v.t.
1. to sell (a commodity) under a fair-trade agreement.
adj.
2. subject to or resulting from a fair-trade agreement.
[1940–45]
fair′-trad′er, n.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fair trade - trade that satisfies certain criteria on the supply chain of the goods involved, usually including fair payment for producers; often with other social and environmental considerations
trade - the commercial exchange (buying and selling on domestic or international markets) of goods and services; "Venice was an important center of trade with the East"; "they are accused of conspiring to constrain trade"
2.fair trade - trade that is conducted legally
trade - the commercial exchange (buying and selling on domestic or international markets) of goods and services; "Venice was an important center of trade with the East"; "they are accused of conspiring to constrain trade"
References in periodicals archive ?
THE Avon Valley School and Performing Arts College has recently been awarded the high-level Fair Achiever award by the Fair Trade Foundation.
THE World Fair Trade Organisation celebrates the World Fair Trade Day on Saturday and it wants everyone to be part of its change-making mission.
para]]SUGAR LAND, Texas, May 6, 2015 /PRNewswire/ -- A few days shy of World Fair Trade Day (May 9), Wholesome
At the same time, students as consumers are frequently confronted with the concept of fair trade as they shop for coffee, tea, chocolate and other products imported from developing countries.
Catholic colleges and universities are leading a growing trend of fair trade involvement in the US.
Ninety percent of the coffee the New York-based company sells is Fair Trade -- certified as produced by people who are treated and paid well.
Around 58% of respondents have heard of fair trade and just over a quarter have knowingly purchased a fair-trade product.
Fair trade is a model in which producers are paid above market, "fair trade" prices provided they meet specific labor, environmental and production standards.
BUYING Fair Trade coffee is not really aiding the very poor,new researchsuggests.
THE world's first Fair Trade Nation has welcomed its latest counterpart with a sackful of special messages delivered by Father Christmas himself.
Believing that fair trade should be available beyond cooperatives, Fair Trade USA has created a pilot program for independent small farmers and large estates.