Definition of fair-trade agreement in English:

fair-trade agreement

Syllabification: fair-trade a·gree·ment

noun

  • An agreement, typically illegal, between a manufacturer of a trademarked item in the US and its retail distributors to sell the item at a price at or above that designated by the manufacturer.
    More example sentences
    • Essentially, I now buy organic bananas not just because they are pesticide-free, but also because they have been produced under a fair-trade agreement, giving producers a fair price and protecting their health and livelihood.

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