Explain the functions of the Chamber of Commerce
Explain the functions of the Chamber of Commerce
Saturday, August 8, 2020
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.
• 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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