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FairTrade is an economic agreement between More Economically Developed Countries (MEDCs) and Third World Countries, which ensures Third World producers get a better/fairer trade (hence the name)for their products.
Before FairTrade came into play, cocoa beans from Ecuador used to be 1p for a tonne, but now they are £100 per gram!
(exageration) :P
by makka92 March 19, 2007
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When a manufacturer slightly increases what they paid a producer to allow them to greatly increase the price they charge you.
This is fairtrade chocolate, you're paying alot more for it but you can feel good about it.
by camaris July 14, 2008
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Used as a substitute for phrases such as "fair play", "fair enough" and "oh okay then". Also helps to promote Fair Trade foods.
John: I'm not coming tonight; the football's on.
Mary: Fair trade.
by hezier April 14, 2005
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