Share this entry

Share this page

fair-trade agreement

Syllabification: fair-trade a·gree·ment

Definition of fair-trade agreement in English:

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.
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.

Share this entry

Share this page

 

What do you find interesting about this word or phrase?

Comments that don't adhere to our Community Guidelines may be moderated or removed.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

More on fair-trade agreement

Nearby words

More words in this category

BO booth boutique cart checker 1

Translate fair-trade agreement

into Spanish
Word of the day reciprocity
Pronunciation: ˌresəˈpräsədē
noun
exchanging things with others for mutual benefit…