Verb used without object fair-traded fair-trading. Definition of fair trade in the Financial Dictionary - by Free online English dictionary and encyclopedia.
Fairtrade The Definition
A system of trading with a developing country in which a good price is paid for their exports and the people who produce the goods have good working conditions and are paid a fair wage.
Define fair trade. A way of buying and selling products that makes certain that the people who produce the goods. Trade that is considered fair because it respects workers rights and minimizes environmental damage. What does fair trade mean in finance.
Trade in conformity with a fair-trade agreement 2. Trade between companies in developed countries and producers in developing countries in which fair prices are paid to the producers. A movement whose goal is to help producers in developing countries to get a fair price for their products so as to.
To sell a commodity under a fair-trade agreement. Supporters believe that fair trade is making a significant positive impact in the world. However most trade depends on low-cost labour and exploitation of natural resources which is neither fair nor sustainable.
What does fair trade mean for producers. Some export items that form a part of fair trade include sugar handicrafts coffee tea cotton honey and cocoa. What is fair trade.
It advocates the payment of a higher price to exporters as well as higher social and environmental standards. Trade carried on according to a commercial agreement under which distributors sell products of a given class at no less than a minimum price set by the manufacturer. Fair trade is based on partnership which means that farmers and workers concerns should be as significant as other commercial considerations.
Fair trade is a term used broadly by social justice peace movement ecology movement and Green Movement groups to contrast with unfair trade practices and sometimes with free trade as promoted by the World Trade Organization and NAFTA. Definition of fair trade Entry 2 of 2 1. Fairtrade changes the way trade works through better prices decent working conditions and a fairer deal for farmers and workers in developing countries.
Full Definition of Fair Trade Fair trade relates to a social movement that empowers producers in developing countries to earn their due by exporting goods to developed nations. Meaning of fair trade as a finance term. Fair trade is an organized social movement that aims to help producers in developing countries to make better trading conditions and promote sustainability.
