CENTRAL AMERICAN COMMON MARKET(CACM)-2013

Central America is trying to revive its common market,which was set up in the 1960s. It collapsed in 1969 when war broke out between Honduras and E1 salvador after a riot at a soccer match involving the two countries. The five members, E1 salvador , Honduras, Guatemala, Nicaragua and Costa Rica, decided in July 1991 to reestablish the common market by 1994.

 
The secretariat for central American Economic Integration (SIECA), headquartered in Guatemala city, is comprised of ministers responsible for economic integration and regional development . SIECA is charged with helping to coordinate the movement toward a central American common market. It has been serving as secretariat for a group of customs experts whose aim is to create a Uniform customs Duty. External tariffs on the isthmus are to fall to a range of 5 to 20 percent.