fair trade

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Related to fair-trade: Fair Trade Movement

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 ?
Around 58% of respondents have heard of fair trade and just over a quarter have knowingly purchased a fair-trade product.
A college or university seeking to earn fair-trade status must commit to a series of steps aimed at making the models practices part of daily campus life.
The chairman of the Mauritius Fair-trade Federation Cooperative Ltd.
Since it began certifying coffee in 1998, TransFair estimates farmers have received close to $200 million more in revenue than they would have without fair-trade status.
Such is the basic message of Sushil Mohan's book Fair Trade Without the Froth: A Dispassionate Economic Analysis of "Fair Trade," a thoughtful, balanced, and, yes, dispassionate discussion of the claims of fair-trade advocates and critics.
Bronner's Magic Soaps to appeal a recent decision of the National Advertising Division (NAD) in a case related to fair-trade certifications.
For example, in Belgium, consumers are willing to pay up to a 10% premium for fair-trade coffee (De Pelsmacker et al.
But upon closer examination, Conscious Coffees' fair-trade principles, which support direct improvements for farmers and sustainable environmental practices, make it different from your average roaster.
Jeff Moore, who founded Canada's first fair-trade coffee co-operative, Just Us
In defense of the measure, the group's Web site declares, "Almost all coffee that isn't Fair-Trade, shade-grown, or organic exploits workers and our environment.
The fair-trade program they're a part of, sponsored by the Catholic mission in the lakeside town of San Lucas Toliman, pays coffee growers more than double the world-market price--200 quetzales.