Council for Mutual Economic Assistance

noun

1. COMECON.

Example Sentences

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

Read more on Time Magazine Archive

They had come to Moscow for the first top-level meeting in 15 years of the Council for Mutual Economic Assistance, the Sovietled trading community.

Read more on 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.

Read more on Time Magazine Archive

The Council for Mutual Economic Assistance, or Comecon, was set up to coordinate and integrate East bloc economies; the system has been as ungainly as its foundation stone, Soviet-style central planning.

Read more on Time Magazine Archive