Council for Mutual Economic Assistance. Founded in 1949; headquartered in Moscow. Members are Bulgaria, Cuba, Czechoslovakia, German Democratic Republic, Hungary, Mongolia, Poland, Romania, Soviet Union, Vietnam. Purpose is to promote economic development of member states through cooperation and specialization.
A multilateral economic alliance headquartered in Moscow. Members in 1990 included Bulgaria, Cuba, Czechoslovakia, the German Democratic Republic (East Germany), Hungary, Mongolia, Poland, Romania, the Soviet Union, and Vietnam. Also referred to as CMEA or CEMA.
The trading bloc formerly made up of the communist countries of eastern and central Europe.
Council for Mutual Economic Assistance. Sometimes cited as CMEA or CEMA. Members in 1989 included Bulgaria, Cuba, Czechoslavakia, the German Democratic Republic (East Germany), Hungary, the Mongolian People's Republic (Mongolia), Poland, Romania, the Soviet Union, and Vietnam. Its purpose was to further economic cooperation among members.
The Comecon, or Council for Mutual Economic Assistance, was established in 1949 by the Soviet Union and its eastern European satellites.
The Council for Mutual Economic Assistance (COMECON / Comecon / CMEA / CAME), 1949 – 1991, was an economic organization of communist states and a kind of Eastern Bloc equivalent to—but more inclusive than—the European Economic Community. The military counterpart to the Comecon was the Warsaw Pact.