Reference > Brewer’s Dictionary > Fair Trade.

 Fair-star.Fair Way. 
E. Cobham Brewer 1810–1897. Dictionary of Phrase and Fable. 1898.
Fair Trade.
Smuggling.   1
        “Neither Dirk Hatteraick nor any of his sailors, all well known men in the fair trade, were again seen upon that coast.”—Sir Walter Scott: Guy Mannering, chap. x.
        Latterly the phrase has been introduced into politics to signify reciprocity of protection or free-trade. That is, free-trade to those nations that grant free-trade to us, and vics versa.

 Fair-star.Fair Way. 


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