Central American Common Market


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 America indicating CACM members
org_type = Common market
membership = 5 Central American countries
admin_center_type =
admin_center =
languages_type = (e.g. "Official languages" (default))
languages =
leader_title1 =
leader_name1 =
established = 1960-1969, 1991 to date
established_event1 =
established_date1 =
official_website =

The Central American Common Market (CACM; Spanish: "Mercado Común Centroamericano", MCCA) was an economic trade organisation between five nations of Central America spanning 100 million acres. It was established on December 13, 1960 between the nations of Guatemala, El Salvador, Honduras and Nicaragua in a conference in Managua. These nations ratified the treaties of membership the following year. Costa Rica joined the CACM in 1963. Panama is conspicuous by absence.

The organisation collapsed in 1969 with the Football War between 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 System SICA.

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

ee also

* History of Central America
* Central American Integration System
* Central American Free Trade Agreement
* Central American Parliament
* Trade bloc

References

* [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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Look at other dictionaries:

  • 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

  • Central American States, Organization of — Spanish  Organización de Estados Centroamericanos (ODECA)        international organization formed in 1951 to reestablish regional unity in Central America. Member states are Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. The… …   Universalium

  • Organization of Central American States — The Organization of Central American States ( es. Organización de Estados Centroamericanos, ODECA) is a regional organisation, formed on October 14, 1951 at a meeting in San Salvador to promote regional cooperation, integrity and unity in Central …   Wikipedia

  • Central America — Central American. continental North America, S of Mexico, usually considered as comprising Guatemala, Belize, El Salvador, Honduras, Nicaragua, Costa Rica, and Panama. 18,600,000; 227,933 sq. mi. (590,346 sq. km). * * * Southern portion of North… …   Universalium

  • American Union — may refer to * North American Union * Union of South American Nations * American Union Against Militarism * Central American Common Market …   Wikipedia


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