fair-trade agreement

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  • noun

Words related to fair-trade agreement

an agreement (illegal in the United States) between the manufacturer of a trademarked item of merchandise and its retail distributors to sell the item at a price at or above the price set by the manufacturer

References in periodicals archive ?
Ross, a professor of sociology at Clark University, and director of the International Studies Stream program, said fair-trade agreements exist most commonly for coffee, bananas and chocolate.
Tadesse Meskela, general manager of the Oromia Coffee Farmers Co- operative Union, told students that without fair-trade agreements, farmers can't earn enough to afford basic necessities.