COMECON, the Eastern European economic community, has approved a long-term economic plan for its member states--which include Yugoslavia, Rumania, East Germany, the Soviet Union, Mongolia, Bulgaria, Czechoslovakia, Poland and Hungary.
COMECON, the Eastern European economic community, has approved a long-term economic plan for its member states--which include Yugoslavia, Rumania, East Germany, the Soviet Union, Mongolia, Bulgaria, Czechoslovakia, Poland and Hungary. details of the plan, which will cover two or three decades, will be worked out at future sub-committee meetings. The scheme, to integrate the member states more closely in the economic field, was announced on Thursday (July 29) on the closing day of a three-day meeting of COMECON Prime Ministers in Bucharest.
SYNOPSIS: The Eastern European economic community--COMECON--has worked out a long-term plan to bring the economics of its member states closer together. Acceptance of the plan, which will cover two or three decades, was announced by Rumanian Prime Minister Ion Maurer in Bucharest on Thursday--last day of a three-day meeting of Prime Ministers from COMECON's member countries.
Bulgarian Prime Minster Mr. Stanco Todorov was first to sign the agreement, details of which will be worked out at future sub-committee meetings. Mr. Lubomir Strougal, Czechoslovakian Premier, followed......
...and then Mr. Willie Stoph, East German Premier......
....and Acting Mongolian Prime Minister Mr. Sonomin Luvsan, Present as an observer.
Mr. Piotr Iaroszewicz, Prime Minister of Poland......
Rumanian Premier Maurer......
....Mr. Jeno Fock, Prime Minister of Hungary.....
....and finally the Soviet Union Prime Minister, Mr. Alexei Kosygin. Yugoslavian Deputy Prime Minister Mr. Aleksander Grlickov was also there as another observer.
This was the 25th session of COMECON. Accompanying the Prime Ministers were economic experts and translators from each country. Communist Party leaders from the COMECON countries, who don't normally attend these council meetings, stayed away as usual. Basically, only technological and economic questions were discussed. The main idea behind the current agreement is to try and achieve a long-planned objective--production sharing. In simple terms, this would mean, for example, one nation making tractors for the whole community, while another made show The plan has, however, been a sour of some disagreement in the community for a number of years.