Comecon

(redirected from Comecom)
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Related to Comecom: Otan, Kominform

COMECON:

see Council for Mutual Economic AssistanceCouncil for Mutual Economic Assistance
(COMECON or MEA), international organization active between 1956 and 1991 for the coordination of economic policy among certain nations then under Communist domination, including Albania (which did not participate after 1961), Bulgaria,
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Comecon

(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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
The concerns relate to trade (particularly for goods where EU applicants are switching from Comecom standards to EU standards, a phenomenon that has already hit Russian sales in the nuclear equipment, energy and aircraft markets), in tougher border controls as Schengen becomes part of the acquis communautaire, and in political terms (since Russia sees a link to NATO accession and to fomenting of anti-Russian sentiment).
These Eastern bloc nations had tried to build COMECOM, the Communist Economic Community, as a rival economic bloc to the West's trading system.
In addition, relations with the COMECOM implied massive long-term imports of iron ore from Krivoj Rog and coke coal from the Donetz Basin (Ukraine).