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El Salvador is a member of the United Nations and several of its specialized agencies, the Organization of American States (OAS), the Central American Common Market (CACM), the Central American Parliament (PARLACEN), and the Central American Integration System (SICA). And the Andean and Central American common markets have reaffirmed their commitments to regional free trade. However, the plan for the creation of the FTAA is intended to "build upon the achievements of the five existing hemispheric regional free-trade arrangements--the Andean Pact, the Caribbean Common Market (CARICOM), the Central American Common Market (CACM), the Southern Cone Common Market (MERCOSUR) and the North American Free Trade Agreement (NAFTA)--as well as the existing network of bilateral arrangements. |
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