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fair trading UK US noun [U]
► ECONOMICS, 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.
► 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.
Financial and business terms. 2012.