The definition of fair-trade is an agreement by a seller to pay fair wages and provide good working conditions to those producing goods in a developing country.
An example of fair-trade is a coffee grower that pays their workers well and gives them a healthy work environment.
trade done within the stipulations of a fair-trade agreement
- ⌂ designating or of an agreement whereby a seller undertakes to charge no less than the minimum price set by a manufacturer on a specified trademarked or brand-name commodity: most U.S. states no longer permit such agreements
- designating or of goods, as food or clothing, that are produced in developing countries and traded under an agreement in which a buyer in a developed country pays a price to the producer that is higher than the free-market price
- of such an agreement, or of a social movement advocating it
to sell (a commodity or goods) under such an agreement
- 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.
- Trade that is considered fair because it respects workers' rights and minimizes environmental damage.
(comparative more fairtrade, superlative most fairtrade)
- produced in such a way that all producers of the product receive a fair wage for their work.