Meaning of the word "Chamber of commerce" in English

What does "Chamber of commerce" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

Chamber of commerce

US /ˈtʃeɪm.bər əv ˈkɑː.mɜːrs/
UK /ˈtʃeɪm.bər əv ˈkɒm.ɜːs/

Noun

a local association of business people working to promote the commercial and industrial interests of their community

Example:
The local Chamber of Commerce organized a trade fair.
Membership in the Chamber of Commerce offers many benefits to businesses.