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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

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 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

The expansion of relations beyond the Soviet alignment system was cautiously initiated in the mid-1950s by the Gheorghiu-Dej regime when pressures were building for Romania's full economic integration into COMECON.

From Area Handbook for Romania by Donald W. Bernier

Comecon, the alliance's economic union, is crumbling as members scramble to cut separate deals with the West.

From Time Magazine Archive

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

From Time Magazine Archive

Historically, the Comecon system has encouraged inefficiency, low-quality production and poor planning.

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

Since the 1950s, the Moscow-based Council for Mutual Economic Assistance, known as Comecon, has brokered the bulk of East bloc trade.

From Time Magazine Archive

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