Organizations whose members are individuals and companies in the same trade or industry who have affiliated for the purpose of advancing common interests, taking united action on common problems, exchanging ideas and ensuring that the industry grows and prospers. Trade associations lobby for legislation that advances industry interests; establish standards and guidelines that strengthen the field; provide information about issues which affect the industry and a forum for discussion and action where necessary; research and disseminate industry statistics; provide Web sites, directories, newsletters or other vehicles where members can advertise their products and services; and/or host national or international trade exhibitions, showcases and product presentations, trade missions and other promotional activities. Some trade associations have buying consortiums; negotiate discounts on related services; and offer liability, health, disability, business and other insurance to members.
Taxonomy Code: TN-1000.8500
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