COMECON

Definition

noun
formerly, an economic alliance of countries in Eastern Europe, including Bulgaria, Czechoslovakia, Hungary, Poland, Romania and the USSR, and also including Cuba, Vietnam and Mongolia.
Full formCouncil for Mutual Economic Assistance  

Use COMECON in a sentence

Though the comecon of Eastern Europe has been disbanded, the idea of an ongoing economic alliance could be a very good structure if implemented properly.

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The formation of Comecon was used in order to stimulate a multicountry economic power which would allow all participants unlimited trade with limited tariffs.

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Alliances based on trade are paramount for survival in the world today; because of that the COMECON members all collaborated on a standard offer in which to see who was amiable to accepting trade agreements throughout the world

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