responsibletradestandard
nounUK /rɪˈspɒnsəbl treɪd ˈstændəd/
US /rɪˈspɑːnsəbl treɪd ˈstændərd/
A set of rules that makes sure things are made and sold in a fair and honest way.
The chocolate company follows a responsible trade standard so farmers get paid fairly.
SYNONYMS
OTHER MEANINGS
2. A certification that shows a product was made without harming people or the environment.
The coffee beans carry a responsible trade standard label.
3. A company's own promise to buy and sell goods in a fair way.
The store wrote a responsible trade standard for all its suppliers.
4. An agreed rule between countries that keeps buying and selling fair for workers.
Leaders met to create a responsible trade standard for clothing factories.