The Central American Common Market (CACM) is an economic integration initiative established in 1960 to promote trade and economic cooperation among its member countries: Costa Rica, El Salvador, Guatemala, Honduras, and Nicaragua. The primary goal of CACM is to create a unified market that allows for the free movement of goods, services, and capital, thereby enhancing regional economic development. CACM aims to reduce trade barriers, such as tariffs and quotas, to facilitate easier access to markets within the region. By fostering collaboration among member states, the common market seeks to improve economic stability and growth, ultimately benefiting the populations of Central America.