Communist Bloc Economic Plan

Press, Volume CI, Issue 29851, 18 June 1962, Page 13

Communist Bloc Economic Plan

(N.Z.P.A .-Reuter—Copyright)

MOSCOW, June 17

The Soviet Communist Party newspaper, “Pravda,” today published a new plan for the economic and industrial development of the East European Communist countries, the Soviet news agency Tass reported.

The plan was produced by the fifteenth- session of the Council for Mutual Economic Assistance (Comecon) in Moscow on June 6 and 7. The plan, which was recommended by the Comecon session as the basis for longterm economic co-operation, said: “The world Socialist system has entered a new

stage of its development. “The socialist countries consider it their international duty to increase sharply every country’s industrial and agricultural output, to surpass the industrial and agricultural output of the capitalis: countries, and then to surpass the most developed capitalist countries in per capita production and the workers' standards of living. “By developing economic contacts between all the countries of the world, the Socialist countries strengthen the material basis for peaceful co-existence of the two sys’ems.”

The plan showed how the existing differences in development among Communist countries could be levelled out, emphasising the importance of industrialisation as the chief remedy for technical and economic deficiencies. Tass stated.