fair-trading
/ˈfɛər ˌtreɪdɪŋ/
NOUN
1. Ethical and equitable commercial trade
A system or practice of trading that promotes fair prices for producers, ethical treatment of workers, and equitable commercial relationships.
1.1. Trade that supports producers
Commercial practices intended to ensure that producers receive fair compensation and workers benefit from ethical working conditions.
Synonyms
- fair trade
- ethical trade
- equitable trade
- socially responsible trade
- trade justice
Antonyms
- exploitative trade
- unfair trade
Examples
- Fair-trading helps small-scale farmers receive better prices for their products.
- The organization promotes fair-trading to improve working conditions across its supply chain.
Related Words
- sustainable trade
- responsible sourcing
- fair-trade practices
1.2. Fair commercial practices
Business activities conducted according to principles of honesty, transparency, fair competition, and equitable treatment of trading partners.
Synonyms
- fair business practices
- fair trading practices
- fair commercial practices
- ethical business practices
Antonyms
- unfair business practices
- deceptive trading
Examples
- The regulations encourage fair-trading among retailers and suppliers.
- Fair-trading practices help protect consumers from deceptive business conduct.
Related Words
- consumer protection
- fair competition
- business ethics
VERB
2. Marketing goods under fair-trade conditions
The act of marketing or trading a commodity in compliance with the provisions of a fair-trade agreement.
2.1. Trading goods under fair-trade agreements
Marketing or selling products according to agreements that establish fair prices and ethical conditions for producers.
Synonyms
- trading under fair-trade terms
- marketing ethically sourced goods
- selling under fair-trade agreements
Examples
- The cooperative is fair-trading its coffee in international markets.
- The company is fair-trading products sourced from small-scale producers.
Related Words
- fair-trading
- fairly traded
- ethical sourcing