The article discusses dynamics of interpretation concerned with what it means to do fair trade. Moving beyond the tendency to see heterogeneous practices as parallel interpretations of a separate concept – usually defined with reference to the statement by F.I.N.E – the paper seeks to provide an ontological account of the subject by drawing on theories of language, and John Searle’s notion of “institutional facts”. In seeking to establish the value of interpreting discourse and practice as mutually constitutive of the fair trade concept itself, the paper applies this alternative theoretical framework to both an historical account of fair trade movement and critical analysis of a new alternative certification programme: Fair for Life. Ov...