The group, which is being organised by Enfield North MP Nick de Bois, is set to invite MPs and representatives from all political parties over the next few weeks.
"During my time working in the industry I was conscious that government have not always recognised the contribution that this industry has made to the British economy, and more importantly its potential contribution for the future," said de Bois, who is chairman of events and PR firm Rapiergroup.
"Equally, we as an industry need to have a voice to reflect the many issues we face such as TOMS, cross border VAT, government support and infrastructure development. This APPG will be an excellent start in building that relationship."
The Event Industry Forum (EIF) and The Business Visits and Events Partnership are supporting the initiative which will look to improve marketing and bidding for international events to be held in the UK, highlight the value of the industry to the economy, and create an Event Industry Safety Guide.
"The events industry is a major contributor to the UK economy but really does not get the recognition it deserves, in part because it has been so fragmented," said Event Industry Forum secretary Jim Winship.
"We hope that an All Party Parliamentary Group will help in addressing this and will, at the same time, help to add to the legacy of the Olympics."
The proposed APPG is a result of a meeting last year at the House of Commons organised by the Business Visits & Events Partnership in October, which was attended by Members of Parliament and Peers from the House of Lords.
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