trade association

noun

1. an association of people or companies in a particular business or trade, organized to promote their common interests.

trade association

noun

1. an association of organizations in the same trade formed to further their collective interests, esp in negotiating with governments, trade unions, etc

Word History and Origins

Origin of trade association¹

First recorded in 1925–30

Example Sentences

Chris Bond, a spokesperson for America’s Health Insurance Plans, a trade association representing health insurance providers, said health plans are doing everything they can to shield Americans from the full impact of rising healthcare costs while connecting them to high-quality, evidence-based care.

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Only about 8% of drugs that enter clinical development ultimately receive regulatory approval, according to a 2021 report from a biotech trade association and industry analytics firms.

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But a so-called “bourbon bust” finally hit Kentucky, as the sale of American whiskey, which had kept rising since 2009, peaked in 2022 and started to decline, according to trade association Distilled Spirits Council of the United States.

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"Opposite the Paris Mayor's office, they will create a new Shein Megastore that -- after having destroyed dozens of French brands -- could flood our market even more massively with disposable products," said the trade association for French ready-to-wear women's clothing companies, the FFPAPF.

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A record $64bn has been invested in gold ETFs so far this year, according to the World Gold Council trade association.

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