Trade Association

Is:

• an organisation formed by traders in the same line of business/industry e.g. Association of Certified Chartered Accountants (ACCA), Bankers Association of Zimbabwe etc.
• Is found in the private sector.
• Protects the interests of its member traders.
• Establishes a code of practice (rules) governing the conduct of its members.
• Represents members when dealing with other organisations.
• A center for exchange of information for members.
• An advisory services bureau for members.
• Organises, places and pays for collective advertising campaigns in the media.
• Organises trade exhibitions.
• Sets prices of commodities manufactured and sold by its members.
• Ensures that the set prices are adhered to.
• Restricts competition in prices of its members.
• Carries out market research, on behalf of member traders, in the production and distribution of goods and services.
• Publishes a trade journal for its particular industry e.g. ACCA magazine.
• Maintains a fund for the association from subscriptions contributed by members for the sustenance of the association.