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Central American Common Market
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The Central American Common Market (abbreviated CACM - in Spanish: Mercado Común Centroamericano, abbreviated MCCA) is an economic trade organization between five 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 with 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 the further goals of greater economic and political unification that were hoped for at the organization's founding, mainly caused by the CACM's inability and lack of reliable means to settle trade disputes.
With the proposal of the Free Trade Area of the Americas, it is possible that this new organization will replace the CACM (or make it redundant) by 2005.
Comparision with other Regional blocs
href="Most active regional blocs
|
Regional
bloc 1 |
Area (km²) |
Population |
GDP (PPP) ($US) |
Member
states 1 |
| in millions |
per capita |
| EU |
3,977,487 |
460,124,266 |
11,723,816 |
25,480 |
25 |
| CARICOM |
462,344 |
14,565,083 |
64,219 |
4,409 |
14+1 3 |
| ECOWAS |
5,112,903 |
251,646,263 |
342,519 |
1,361 |
15 |
| CEMAC |
3,020,142 |
34,970,529 |
85,136 |
2,435 |
6 |
| EAC |
1,763,777 |
97,865,428 |
104,239 |
1,065 |
3 |
| CSN |
17,339,153 |
370,158,470 |
2,868,430 |
7,749 |
10 |
| GCC |
2,285,844 |
35,869,438 |
536,223 |
14,949 |
6 |
| SACU |
2,693,418 |
51,055,878 |
541,433 |
10,605 |
5 |
| COMESA |
3,779,427 |
118,950,321 |
141,962 |
1,193 |
5 |
| NAFTA |
21,588,638 |
430,495,039 |
12,889,900 |
29,942 |
3 |
| ASEAN |
4,400,000 |
553,900,000 |
2,172,000 |
4,044 |
10 |
| SAARC |
5,136,740 |
1,467,255,669 |
4,074,031 |
2,777 |
8 |
| Agadir |
1,703,910 |
126,066,286 |
513,674 |
4,075 |
4 |
| EurAsEC |
20,789,100 |
208,067,618 |
1,689,137 |
8,118 |
6 |
| CACM |
422,614 |
37,816,598 |
159,536 |
4,219 |
5 |
| PARTA |
528,151 |
7,810,905 |
23,074 |
2,954 |
12+2 3 |
Reference
blocs and
countries 2 |
Area (km²) |
Population |
GDP (PPP) ($US) |
Political
divisions |
| in millions |
per capita |
| UN |
133,178,011 |
6,411,682,270 |
55,167,630 |
8,604 |
191 |
| India |
3,287,590 |
1,102,600,000 |
3,433,000 |
3,100 |
35 |
| China |
9,596,960 |
1,306,847,624 |
7,249,000 |
5,200 |
33 |
| USA |
9,631,418 |
296,900,571 |
11,190,000 |
39,100 |
50 |
| Canada |
9,984,670 |
32,507,874 |
958,700 |
29,800 |
13 |
| Russia |
17,075,200 |
143,782,338 |
1,282,000 |
8,900 |
89 |
1 Including data only for full and most active members
2 The first two states in the World by area, population and GDP (PPP)
3 Including non-sovereign autonomous entities of other states
██ smallest value among the blocs compared
██ largest value among the blocs compared
During 2004. Source: CIA World Factbook 2005, IMF WEO Database
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See also
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