The Fair Trade Act is a law designed to promote fair competition and protect consumers from deceptive practices. It encourages businesses to engage in ethical trading practices, ensuring that producers receive fair prices for their goods. This act helps support sustainable development and improves the livelihoods of workers in various industries. Under the Fair Trade Act, products that meet specific standards can be labeled as Fair Trade. This label assures consumers that the items were produced under fair labor conditions and that a portion of the profits supports community development. The act aims to create a more equitable global trading system.