the principle of charging a price for goods that does not put producers in developing countries (=poorer countries with less industry) at a disadvantage
Synonyms and related words
International trade
balance of payments
balance of trade
blockade
fair trade
noun uncountable economics
US
Other entries for this word
trade fairnoun
DEFINITIONS1
1
a system by which farmers and producers in developing countries (=poorer countries with less industry) who trade with richer countries are paid fair wages, receive fair prices for their goods, and are encouraged to take care of the environment