Central American Common Market
The Central American Common Market (abreviated
CACM) is an economic trade organization between 5 nations of
Central America. 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 (
date?).
The CACM has succeeded in largely unifying external tariffs and increasing trade within the member nations, but has not achieved further goals of greater economic and political unification that were hoped for at the organization's founding.
See also: History of Central America