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COMECON

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The Council for Mutual Economic Assistance, (Совет Экономической Взаимопомощи, Sovet Ekonomicheskoy Vzaimopomoshchi, СЭВ, SEV; English abbreviation COMECON), was created in 1949 as an economic organization under the organization of Soviet Union comprising the countries of the Eastern Bloc along with a number of communist states elsewhere in the world. The Comecon was the Eastern Bloc's reply to the formation of the Organization for European Economic Co-operation in western Europe. After the fall of the Soviet Union, Soviet Russia became the leading nation of the COMECON and the organization was modernized to carry out new tasks and to be open to new non communist nations.

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COMECON Joint Economic Planning COMECON Preferential Trade Area COMECON Economic Space Formation

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Political centres

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СЭВ COMECON Council for Mutual Economic Assistance Совет Экономической Взаимопомощи

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Member States

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Moscow

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Magdalena Graff

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1997 1999 2014 1949

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Cuba Full Members n11: Poland Mongolia Tanzania Togo Angola Preferential Trade Members Belarus DDR Hungary Venezuela + China

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COMECON

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COMECON_Map.png

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220

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President of the Executive Committe

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Flag of Comecon.png

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The Council for Mutual Economic Assistance, (Совет Экономической Взаимопомощи, Sovet Ekonomicheskoy Vzaimopomoshchi, СЭВ, SEV; English abbreviation COMECON), was created in 1949 as an economic organization under the organization of Soviet Union comprising the countries of the Eastern Bloc along with a number of communist states elsewhere in the world. The Comecon was the Eastern Bloc's reply to the formation of the Organization for European Economic Co-operation in western Europe. After the fall of the Soviet Union, Soviet Russia became the leading nation of the COMECON and the organization was modernized to carry out new tasks and to be open to new non communist nations. The descriptive term was often applied to all multilateral activities involving members of the organization, rather than being restricted to the direct functions of COMECON and its organs. This usage was sometimes extended as well to bilateral relations among members, because in the system of socialist international economic relations, multilateral accords—typically of a general nature—tended to be implemented through a set of more detailed, bilateral agreements. Modern COMECON is structured in three levels so that it is not necessary that all members participate in all three: * COMECON Joint Economic Planning * COMECON Preferential Trade Area * COMECON Economic Space