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Council for Mutual Economic Assistance

Published online by Cambridge University Press:  22 May 2009

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Extract

The terms of a protocol signed by the Soviet Union, Poland, Czechoslovakia, Hungary, Bulgaria and Rumania in January, 1949, when they formed the Council for Mutual Economic Assistance were released on June 3, 1949. Under the provisions of the agreement the Council was established to coordinate eastern European economy, standardize industrial production of member nations, provide mutual aid through trade, exchange of experience, loans and investments, for a period of twenty years.

Type
International Organizations: Summary of Activities: IV. War and Transitional Organizations
Information
International Organization , Volume 3 , Issue 3 , August 1949 , pp. 564
Copyright
Copyright © The IO Foundation 1949

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References

1 New York Times, June 4, 1949, p. 1.