trade association (redirected from Industry trade group)

trade association, group of business people in the same trade or industry organized for the advancement of common interests. The trade association differs from the chamber of commerce in that membership is by industry rather than by locality. The common interests binding the members of the trade association may include credit, public relations, relations with employees, sales development, output, or prices. Some associations publish official journals, and some maintain bureaus at the national and state capitals.