Chamber of commerce

A chamber of commerce, or board of trade, is a business network, a local organization of businesses whose goal is to further the interests of businesses. Business owners in towns and cities form these local societies to advocate for the business community. Local businesses are members, and they elect a board of directors or executive council to set policy for the chamber.

A chamber of commerce may be a voluntary or a mandatory association of business firms belonging to different trades and industries. They serve as spokespeople and representatives of a business community.[1] They differ from country to country.

In some countries, a chamber of commerce is distinguished from a Chamber of Trade which represents the interests of tradespeople and artisans rather than industry, for example the French Chambre de métiers et de l’artisanat (CMA), the chamber of trades and artisans.

  1. ^ Olorunshola, Damilola Temitope; Odeyemi, Temitayo Isaac (1 January 2022). "Virtue or vice? Public policies and Nigerian entrepreneurial venture performance". Journal of Small Business and Enterprise Development. 30 (1): 100–119. doi:10.1108/JSBED-07-2021-0279. ISSN 1462-6004. S2CID 249721896.
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