Trade associations at work

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 Introduction This case study covers the role played by Trade Associations in the UK economy. It draws on examples from four contrasting industrial and service sectors: travel, financial services, electrical contracting and road haulage. The economy is made up of business sectors, each of which contr-ibutes to consumer welfare. For example, we all benefit from having goods delivered efficiently to our local supermarket (road haulage), being able to open and use a savings account (financial services), having electrical wiring installed safely in any place we live, work or visit (electrical contracting), and being able to make travel arrangements through travel agents (travel). The role of Trade Associations Trade Associations: promote the interests of their memberscreate conditions in which the sector can prosperwork together for the general good. They do this by: providing a forum for discussion. This enables member companies to exchange views and identify issues of common concern within the sectorrepresenting their members. This includes lobbying Government departments and politicians, media and public relations activity, and distributing informationproviding services to members. These include supplying current industrial data, business support services and sector specific training courses. Trade Associations are funded mainly by their members, most of whom are individual companies...

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