fair tradeˌfair ˈtradeECONOMICS1[uncountableU] a system in which two countries which are TRADING PARTNERs agree not to charge import taxes on particular goods they buy from each otherThe EU has fixed a date by which members should comply with its fair trade rules.
2[uncountableU] trading practices that do not restrict the rights of consumersJapan’s Fair Trade Commission issued new anti-monopoly guidelines.
America’s fair trade laws
→ trade