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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 achived further goals of greater economic and political unification that were hoped for at the organization's founding.
See also: History of Central America
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