What is a trade association?

A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific industry.

What does Industry Association mean?

Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. What is the pronunciation of industry association? INDUSTRY ASSOCIATION definition: an organization that supports companies and employers of a particular type of industry and protects….

Do industry associations have a code of conduct?

Industry associations have obligations under the Competition and Consumer Act 2010. This also applies to their members. Industry associations can create rules requiring members to follow a code of conduct. Membership criteria, voluntary codes and advice to members must comply with competition and consumer law.