fair trade

Definitions

Agriculture

  • noun an international system where food companies agree to pay producers in developing countries a fair price for their products

Economics

  • noun an international business system in which countries charge import duties on certain items imported from their trading partners where those imports are believed to be unfairly cheap, usually because of labour costs which are cheaper than in the importing country

Politics

  • noun an international business system where countries agree not to charge duties on goods imported from their trading partners

Publishing

  • noun an international business system where countries agree not to charge import duties on particular items imported from their trading partners

Travel

  • noun
    (written as Fair Trade)
    a system that ensures that producers in developing countries are paid a proper price for the goods they supply
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