fair trading
noun[U]
ukusECONOMICS,LAW
buyingandsellingthat iscarriedouthonestlyand isfairtobuyers,sellers,producers, andconsumers:
Thecompanyhas beenstronglycriticizedby afairtradingbody.
See also
Office of Fair Trading
ECONOMICS
anagreementbetweencountriesthattradewith each other that they will notchargetaxon each other'simports:
Membership of the EUdependsoncompliancewithfairtrading.