comecon in English

noun
1
an economic association of eastern European countries founded in 1949 and analogous to the European Economic Community. With the collapse of communism in eastern Europe, the association was dissolved in 1991.

Use "comecon" in a sentence

Below are sample sentences containing the word "comecon" from the English Dictionary. We can refer to these sentence patterns for sentences in case of finding sample sentences with the word "comecon", or refer to the context using the word "comecon" in the English Dictionary.

1. By the early 1960s, Khruschev wanted a division of labour between the members of Comecon.

2. The PRB adopted a centrally planned economy, similar to those in other COMECON states.

3. Hungary's participation in the Soviet-sponsored COMECON (Council of Mutual Economic Assistance) prevented it from trading with the West or receiving Marshall Plan aid.

4. At the meeting, Dubček defended the program of the reformist wing of the KSČ while pledging commitment to the Warsaw Pact and Comecon.

5. The majority of European states to the east of the Iron Curtain developed their own international economic and military alliances, such as COMECON and the Warsaw Pact.

6. The Coordinating Committee for Multilateral Export Controls (CoCom) was established by Western bloc powers in the first five years after the end of World War II, during the Cold War, to put an arms embargo on Comecon countries.

7. Countertrade is a higher percentage of total trade in some areas of the world such as the COMECON (Eastern European) countries and the less developed countries (LDCs), while it is a lower percentage for trade among developed countries.’ Countertrade started by being important in trade with COM- …