The Central American Common Market reference article from the English Wikipedia on 24-Apr-2004 (provided by Fixed Reference: snapshots of Wikipedia from wikipedia.org)

Central American Common Market

The Central American Common Market (abbreviated CACM - in Spanish: Market Mercado Común Centroamericano, abbreviated MCCA) 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 1963.

The organization collapsed in 1969 by the Football War between Honduras and El Salvador, but was then reinstated in 1991.

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 further goals of greater economic and political unification that were hoped for at the organization's founding, main caused by CACM's inability or lack reliable means for settling trade disputes.

With the proposal of the Free Trade Area of the Americas, it is possible that this new organization will replace CACM (or make it redundant) by 2005.

See also: History of Central America, Central American Free Trade Agreement

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