The goal of a new Central American group formed as an economic union is to have a Council of Ministers that would coordinate the economic, social, and foreign policy of the member states. This group wants to be a

Political and Economic Union

Explanation:

Political Union is a term that describes a bigger and consolidated group of nations or states that share a central government that is internationally acknowledged.

In other words, it is considered as an alliance between states, a federal union, and it is characterized by having one currency, with no trade barriers between constituent states.

At the same time, Economic union is a term that describes an agreement between two or more nations to allow free markets and workers to move across the borders with restrictions. This arrangement often includes social and financial policies to support this common market

Hence, in this case, the group want to have POLITICAL AND ECONOMIC UNION.

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