Trade association financial definition of trade association
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trade association an organization which represents the interests of firms operating in the same INDUSTRY. Trade associations collect data on industrial production, sales and exports for circulation to member firms, provide a forum for the discussion of trade affairs, and represent the interests of members in dealings with other trade organizations or government departments. See INTERFIRM COMPARISON.
trade association a central body representing the interests of firms operating in the same line of business. Trade associations compile statistics on industry production, sales, exports, etc., for circulation to member firms, provide a forum for the discussion of trade affairs, and liaise with other trade organizations and government departments regarding matters of mutual concern.