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CACM Trade Agreement - Central America
One of the four regional economic integration organizations created during the Latin American export boom of the 1960s.
The CACM was established by Guatemala, Honduras, El Salvador, and Nicaragua (and later joined by Costa Rica) with the signing of the General Treaty of Central American Economic Integration (Tratado General de Integración Económica Centroamericana) in Managua on December 15, 1960.
The CACM and the three other Latin American trading blocs-- the Latin American Free Trade Area, the Caribbean Free Trade Association (CARICOM), and the Andean Group--were generally alike in their initial endorsement of regional integration behind temporary protectionist barriers as a way to continue import- substitution industrialization
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