fair tradingnoun [ U ]
ukusECONOMICS, LAW buying and selling that is carried out honestly and is fair to buyers, sellers, producers, and consumers:
The company has been strongly criticized by a fair trading body.
See also
Office of Fair Trading
ECONOMICS an agreement between countries that trade with each other that they will not charge tax on each other's imports:
Membership of the EU depends on compliance with fair trading.