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• COMECON
  COMECON

  noun

  an economic association of Communist countries, established in 1949, to facilitate trade and development.
• Comecon
  Comecon

  noun

  (formerly) an association of Soviet-oriented Communist nations, founded in 1949 to coordinate economic development, etc; it was disbanded in 1991 when free-market policies were adopted by its members

COMECON

American  

[kom-i-kon] / ˈkɒm ɪˌkɒn /

Or Comecon

noun

1. an economic association of Communist countries, established in 1949, to facilitate trade and development.

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Comecon British  

/ ˈkɒmɪˌkɒn /

noun

1. Also: CMEA. (formerly) an association of Soviet-oriented Communist nations, founded in 1949 to coordinate economic development, etc; it was disbanded in 1991 when free-market policies were adopted by its members

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Etymology

Origin of COMECON

Co(uncil for) M(utual) Econ(omic Assistance)

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Example Sentences

See Examples For:

COMECON Comecon

The agency driving to build this unheralded rival to Western Europe's powerful six-nation Common Market is the Council for Mutual Economic Assistance, or COMECON.

From Time Magazine Archive

Hanoi first joined COMECON, the Soviet-bloc economic organization, then signed a 25-year treaty of friendship and cooperation with Moscow in November.

From Time Magazine Archive

In June, as the last Chinese aid technicians went home, Hanoi yielded to longstanding Soviet blandishments and formally jumped into Moscow's economic orbit as a member of the Communist trade alliance, COMECON.

From Time Magazine Archive

Gorbachev also hinted that he would like to see direct relations, presumably to facilitate commerce, between the European Community and COMECON, the East bloc trading group.

From Time Magazine Archive

The former members of COMECON, those East European countries that, along with the Soviet Union, once formed the communist block, represent a good case study for the forces involved in the dynamics of illiteracy.

From The Civilization of Illiteracy by Mihai Nadin

A. As you know, Hungary is a member of the Warsaw Pact and Comecon, groups of independent socialist countries.

From Time Magazine Archive

Prague also took the lead in announcing its intention to reform or disband Comecon, the communist trading bloc whose rules have skewed supply and demand, and therefore the production, of a vast array of goods.

From Time Magazine Archive

Wherever they are on the paths to reform, most countries in the region stand to gain if Czechoslovakia's effort to revamp or abolish Comecon makes any headway at the organization's meeting in Sofia this week.

From Time Magazine Archive

Such moves would come at the expense of traditional Comecon commitments.

From Time Magazine Archive

Despite its new homage to Moscow-style Marxism, Belgrade is not expected to join the Warsaw Pact or seek active membership in Comecon, Eastern Europe's common market.

From Time Magazine Archive

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