Definition, Meaning & Synonyms

trade association

noun

/treɪd əˌsəʊ.siˈeɪ.ʃən/

Definition

An organization formed by members of a specific industry to promote and protect their common interests.

Examples

The American Medical Association is a well-known trade association for doctors.
Many businesses join a trade association to gain access to resources and networking opportunities.

Meaning

Trade associations focus on advancing the growth, standards, and ethical practices within their particular field, facilitating communication among members, and advocating for industry issues.