COMECON
noun
an economic association of Communist countries, established in 1949, to facilitate trade and development.
COMECON
American
[kom-i-kon]
/ ˈkɒm ɪˌkɒn /
Or
Comecon
noun
Comecon
British
/ ˈkɒmɪˌkɒn /
noun
Etymology
Origin of COMECON
Co(uncil for) M(utual) Econ(omic Assistance)
Example Sentences
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See Examples For:
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
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
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
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
During the mid-1960s Romania successfully reoriented a substantial share of its trade toward the West and reduced its participation in COMECON.
From Area Handbook for Romania by Donald W. Bernier
Like its trade with the former Comecon countries of Eastern Europe, Moscow's deals with Havana are now on a hard- currency basis at prevailing world prices.
From Time Magazine Archive
The West's economic slowdown shrank markets for goods from the Comecon countries.
From Time Magazine Archive
A. As you know, Hungary is a member of the Warsaw Pact and Comecon, groups of independent socialist countries.
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
Historically, the Comecon system has encouraged inefficiency, low-quality production and poor planning.
From Time Magazine Archive
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