News In Brief

East bloc plans to spur trade within the region

Comecon, the grouping of the Soviet Union and its communist allies, claims to have reached a major new agreement to promote trade within the East bloc, Monitor correspondent Gary Thatcher reports.

Further, it seeks to make the East more competitive with the West in high technology - a field in which the communist bloc lags far behind the United States, Western Europe and Japan. Comecon official N. V. Talyzin said particular attention will be paid to joint research-and-development efforts in ''electronics, microtechnology, and robots.''

The agreement was adopted at a summit of Comecon leaders, which ended here Thursday. The entire proceedings were conducted in a news blackout.

There were also indications that the Soviet Union might charge its allies more for oil in the future - a development which in itself could have important economic ramifications for East bloc.

You've read  of  free articles. Subscribe to continue.
QR Code to News In Brief
Read this article in
https://www.csmonitor.com/1984/0615/061532.html
QR Code to Subscription page
Start your subscription today
https://www.csmonitor.com/subscribe