the CACM
noun
POLITICS,ECONOMICSukusabbreviationforthe Central American Common Market: anorganizationofCentralAmericancountriesformedin 1960 toencourageeconomiccooperationandgrowthamongmembercountries:
The CACM was one of theeconomicorganizationscreatedduring theLatinAmericanexportboomof the 1960s.