CAFTA (2005)
• Free-trade zone among United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, and Nicaragua.
• Total GDP: nearly $14 trillion
• $33 billion traded annually between U.S. and these countries.
European Union
• Best-known example of a common market.
• Combined population: 450 million people in 25 countries
• Total GDP: $12 trillion
• Goals include promoting economic and social progress, introducing
European citizenship as complement to national citizenship, and
giving EU a significant role in international affairs.