What does a Chamber of Commerce do?
“The primary aim of the chamber is to protect the interest of the business community as a whole. The chambers of different areas look after the interests of those areas and try to promote commerce, trade and industry. ”
A chamber of commerce is an association of persons engaged in commerce, trade and industry for protecting their interests and promoting their common causes. The merchants, manufacturers, bankers and others come together to form chambers so that they are able to raise those issues, which affect all of them.
It’s a mutually benefiting exercise and wise businessmen never refrain from being members of such chambers, even if it amounts to some kind of encroachment upon their privacy.
The primary aim of the chamber is to protect the interest of the business community as a whole. The chambers of different areas look after the interests of those areas and try to promote commerce, trade and industry. The chambers collect all type of information on general trade conditions in different areas, regions and countries.
The information about potential market is also collected. The members use this information for the primary purpose of the advancement of their business. The chamber maintains a regular connection with the government. They bring to the notice of the government the impact of various laws and regulations, which may have an adverse effect on the business.
They also suggest changes and modifications in various laws to make them more practical and useful. They organize various meetings and call ministers and important officials for an open discussion of various issues concerning the business. Some chambers also print different kinds of periodicals for the benefit of their members.
The market report is also issued to bring to the members’ notice the trade opportunity available inside and outside the country. They take many steps, which are required to step up general business interests.
Some international chambers even conduct commercial examinations and also issue diplomas. The chambers even act as arbitrators to resolve disputes among the members. The members accept the decisions of the chamber to avoid straining of their relations.
The chambers provide information about the financial position of the costumers to the members. They also prepare directories of the members and provide helpful information to the businessmen operating in any part of a particular region.
Author - DeeKay
Tags - Finance, Economy
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