Business

International trade

Economic policy

Economy

Political science

Economics

Mutual aid

European union

Member states

International Organization

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.

Council for Mutual Economic Assistance