fair-trade agreement

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fair′-trade′ agree`ment

an agreement between a manufacturer and a retailer that a trademarked product will not be sold below a specified price: illegal after 1975.
Random House Kernerman Webster's College Dictionary, © 2010 K Dictionaries Ltd. Copyright 2005, 1997, 1991 by Random House, Inc. All rights reserved.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.fair-trade agreement - an agreement (illegal in the United States) between the manufacturer of a trademarked item of merchandise and its retail distributors to sell the item at a price at or above the price set by the manufacturer
agreement, understanding - the statement (oral or written) of an exchange of promises; "they had an agreement that they would not interfere in each other's business"; "there was an understanding between management and the workers"
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
References in periodicals archive ?
For the sake of brevity, let's put aside a discussion of the unfairness of soC...called fair-trade agreements and the graft and corruption that must be factored in to fully appreciate the international multiC...corporate manipulation of the food" system." In contrast, when things go south, we are forced to admit that the way our food gets to our table is not through the kindness and generosity of some conglomerate food management collective.
"Fair-trade agreements, which are usually done with cooperatives, allow smaller farmers to band together," Mr.
Noting that Pennsylvania has lost 181,000 manufacturing jobs under Bush, and that 714,000 Pennsylvanians have lost their health insurance during that time, he advocates fair-trade agreements, a higher minimum wage, and more affordable health care, to be funded by restoring higher tax rates on the wealthiest Americans (an increase that Ford supports, too, though he places the emphasis on the need to balance the budget).