Meaning of the word "fair trade" in English

What does "fair trade" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

fair trade

US /ˌfer ˈtreɪd/
UK /ˌfer ˈtreɪd/
"fair trade" picture

Noun

1.

trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers

Example:
The organization promotes fair trade practices to support local farmers.
She only buys coffee that is certified as fair trade.

Adjective

1.

relating to or supporting fair trade

Example:
Many consumers prefer to buy fair trade products.
The store specializes in fair trade crafts from around the world.
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