Explain the functions of the Chamber of Commerce

Explain the functions of the Chamber of Commerce? 

Functions of Chamber of Commerce

• It helps to develop trade and industry of a country and looks after and protects their interest.

• It collects all sorts of information concerning commerce and industry and maintains numerous records which are necessary in connection therein.

• It issues reports and Journals at regular intervals full of information regarding commerce and industry for its own members as well as for the general public.

• Advisory services on labor practices and disputes are provided.

• It helps the members in recovering debts.

• It provides trade reference information about financial status of its members.

• It protects trademarks and patterns and thereby encourages the cause of national commerce and industry.

• It acts as arbitrator in case there is any dispute between businessmen.

• It helps the exporters and importers by furnishing information of various natures in connection with import and export.

• It issues export certificate and certificates of origin which are very common instruments in international commerce.

• It advances commercial and technical education in the country.

• Nowadays, an active part is played by the Chamber in influencing economic policy of the government. It examines the budget every year and suggests appropriated modification in the tax proposals.

• It invites the attention of the government and public on matters affecting trade, commerce and industry of the country.

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