Articles of category "Central American Common Market"

The Common Market of the South (Mercosur) - one of the Latin American common markets - is an economic integration agreement launched between Uruguay, Paraguay, Brazil and Argentina in 1991. Due to its increasing importance as Canada's trading partner, the regional profile was deemed necessary. Among other countries of South America that are currently in different stages of the agreement are Venezuela, Peru, Colombia, Bolivia and Chile.

Established in December 1960, the Central American Common Market, commonly referred to as CACM, is an economic trade organization formed by four nations of Central America, namely Guatemala, Nicaragua, Honduras and El Salvador. In 1961 these nations ratified the treaties of membership. Costa Rica joined the organization in 1963. With the Football War between El Salvador and Honduras, CACM collapsed in 1969, but was re-instated in 1991.