- Central American Common Market
Infobox Geopolitical organization
native_name = "Mercado Común Centroamericano"
name = Central American Common Market (CACM)
linking_name = the Central American Common Market
map_caption = Map of
Central Americaindicating CACM members
membership = 5
Central American countries
languages_type = (e.g. "
Official languages" (default))
established = 1960-1969, 1991 to date
The Central American Common Market (CACM; Spanish: "Mercado Común Centroamericano", MCCA) was an economic trade organisation between five nations of
Central Americaspanning 100 million acres. It was established on December 13, 1960between the nations of Guatemala, El Salvador, Hondurasand Nicaraguain a conference in Managua. These nations ratified the treaties of membership the following year. Costa Ricajoined the CACM in 1963. Panama is conspicuous by absence.
The organisation collapsed in 1969 with the
Football Warbetween Honduras and El Salvador, but was then reinstated in 1991.
The current Central America trade block is organized by the General Treaty for Economical Integration signed October 29 1993 (Guatemala Protocol) which is part of the
Central American Integration SystemSICA.
The CACM has succeeded in removing duties on most products moving among the member countries, and has largely unified external
tariffs and increased trade within the member nations. However, it has not achieved the further goals of greater economic and political unification that were hoped for at the organisation's founding, mainly caused by the CACM's inability and lack of reliable means to settle trade disputes.
Comparison with other regional blocs
History of Central America
Central American Integration System
Central American Free Trade Agreement
Central American Parliament
* [http://www.worldtradelaw.net/fta/agreements/cacmfta.pdf General Treaty on Central American Economic Integration between Guatemala, El Salvador, Honduras and Nicaragua signed at Managua, on 13 December 1960]
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Central American Common Market — ˌCentral Aˌmerican ˌCommon ˈMarket abbreviation CACM noun ECONOMICS COMMERCE ORGANIZATIONS an organization of Central American countries, set up to improve living standards and help the development of industry and trade in the area … Financial and business terms
Central American Common Market — [ sentrəl ə merɪkən kɔmən mɑːkət, englisch], der Zentralamerikanische Gemeinsame Markt … Universal-Lexikon
Central American Common Market — Spanish Mercado Común Centroamericano (MCCA) association of five Central American nations that was formed to facilitate regional economic development through free trade and economic integration. Established by the General Treaty on… … Universalium
the Central American Common Market — UK US noun ► POLITICS, ECONOMICS THE CACM(Cf. ↑the CACM) … Financial and business terms
common market — common markets 1) N COUNT A common market is an organization of countries who have agreed to trade freely with each other and make common decisions about industry and agriculture. ...the Central American Common Market. 2) N PROPER: the N The… … English dictionary
Central American Integration System — Sistema de Integración Centroamericana Central American Integration System … Wikipedia
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