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The main difference seems to be that using the term fair trade usually implies recognition by a monitoring organisation such as IFAT (the global network of Fair Trade Organizations) or BAFTS (British Association for Fair Trade Shops), whereas fairly traded can be applied to any trading that follows the principles of fair trade.

As an example, a shop may sell fair trade goods that are sourced from an organisation that is an IFAT member, but if they deal directly and ethically with a disadvantaged craftsperson (adhering to the principles of fair trade) who is not in a position to have fair trade recognition, those products would be more likely to be described as fairly traded.

You can find out about the principles of fair trade on the IFAT website.

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Q: What is difference between fair trade and fairly traded?
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