The development of socially oriented industries is a fundamental component of the socio-economic development of the country. The co-dependence of industries and the state of industry in it gives the research topic relevance, since consumer satisfaction can be achieved both with the help of their own industrial development and with cooperation with foreign industrial companies. The problem of the issue is precisely that most branches of the domestic processing industry, including socially significant ones, are import-dependent, and the level at which the interaction of industrial and trade policy (hereinafter referred to as the IITP) in them determines the future of their further development. The purpose of the study is to determine the essence of the IITP, the sustainability (and) development in socially oriented industries by considering the development both within the interaction itself (setting priorities and distributing roles among the main participants in the interaction of industrial and trade policy), and within its phased implementation as a single organism. The achievement of the author's goal was facilitated by strategic, system and process approaches using general scientific research methods: comparative comparison, abstraction, logic, analysis, synthesis, etc. As a result of the conducted research, the scheme of interaction between the spheres of material and non-material production is presented; the definitions of the IITP are formulated; a cycle-model of the development of the IITP in socially oriented sectors of the national economy is developed; a comprehensive analysis of the set of certain indicators is recommended to assess the sustainability of the IITP development; the definition of the sustainable IITP development from the position of system formation and economic activity is presented.