Central American Common Market

Central American Common Market
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Mercado Común Centroamericano Central American Common Market (CACM)
Map of Central America indicating CACM members
Type		Common market
Membership		5 Central American countries
Establishment		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 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

**Most active regional blocs**
(as of 2004,^{citation needed} except as noted)
Regional bloc¹	Area		Population	GDP ($US)				Member states¹
Regional bloc¹	km²	sq mi	Population	in millions (PPP)	in millions (nominal)	per capita (PPP)	per capita (nominal)	Member states¹
AU	29,797,500	11,504,879	897,548,804	1,515,000	1,131,850	1,896	1,261	53
ASEAN (2007 est.)	4,497,493	1,736,000	566,500,000	3,115,480	1,173,000	5,541	2,041	10
CACM	422,614	163,172	37,816,598	159,536	84,792	4,219	2,242	5
CARICOM	462,344	178,512	14,565,083	64,219	24,020	4,409	1,649	(14+1)³
CCASG / GCC	2,285,844	882,569	35,869,438	536,223	717,800	14,949	20,011	6
CEFTA	298,148	115,116	28,929,682	222,041	122,001	7,675	4,217	(7+1)³
EU (2007 est.)	4,324,782	1,669,808	497,000,000	14,953,000	16,574,000	28,213	33,482	27
EurAsEC	20,789,100	8,026,720	208,067,618	1,689,137	1,125,528	8,118	5,409	6
EFTA (2007 est.)	529,600	204,480	12,660,623	567,500	743,300	44,828	60,000	4
GAFTA	9,421,946	3,637,834	280,727,416	1,341,298	N/A	4,778	N/A	(16+1)³
GUAM	810,506	312,938	63,764,600	456,173	106,469	7,154	1,670	4
NAFTA (2007 est.)	21,783,850	8,410,792	445,000,000	15,857,000	15,723,000	35,491	35,564	3
PARTA	528,151	203,920	7,810,905	23,074	N/A	2,954	N/A	(12+2)³
SAARC	5,136,740	1,983,306	1,467,255,669	4,074,031	N/A	2,777	N/A	8
Unasur / Unasul	17,339,153	6,694,684	370,158,470	2,868,430	N/A	7,749	N/A	12
UN and countries for reference²	Area		Population	GDP ($US)				Units⁴
UN and countries for reference²	km²	sq mi	Population	in millions (PPP)	in millions (nominal)	per capita (PPP)	per capita (nominal)	Units⁴
UN	133,178,011	51,420,318	6,411,682,270	55,167,630	48,245,198	8,604	7,524	192
Brazil (2007 est.)	8,514,877	3,287,612	183,888,841	1,804,000	1,067,706	10,073	6,842	27
Canada (2007 est.)	9,984,670	3,855,103	33,000,000	1,274,000	1,406,000	38,200	42,738	13
India (2007 est.)	3,287,590	1,269,346	1,120,000,000	4,726,000	1,089,000	4,182	1,004	35
Japan (2007 est.)	377,873	145,898	127,433,494	4,346,000	4,346,000	33,800	38,341	47
PR China⁵ (2007 est.)	9,596,960	3,705,407	1,321,851,888	7,043,000	3,420,000	5,300	2,800	33
Russia (2007 est.)	17,075,200	6,592,772	142,500,000	2,076,000	1,286,000	14,600	9,056	83
USA (2007 est.)	9,826,630	3,794,083	302,000,000	13,543,000	13,794,700	43,500	45,594	50
Source: CIA World Factbook 2005, IMF WEO Database, IMF nominal figures for 2006.^{citation needed} Legend smallest value among the blocs compared largest value among the blocs compared Footnotes ¹ Including data only for full and most active members. ² Including the largest five countries by area, population (not #4), GDP (PPP) (not #5), and GDP (nominal) (not #3 or #5). ³ Including non-sovereign autonomous areas of other states. ⁴ Members or administrative divisions. ⁵ Data for the People's Republic of China does not include Hong Kong, Macau, or Republic of China (Taiwan). This box: view • talk •

References

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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Comparison with other regional blocs

See also

References