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On the Road to Socialist Economic Integration? (1974)

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Article III
Functions and Authority

1. In agreement with the aims and principles named in Article I of the present charter,

a) the Council for Mutual Economic Assistance shall organize comprehensive economic and scientific-technical cooperation among the member countries of the Council, with the goal being the most rational use of their natural resources and the acceleration of the development of their productive forces, and [it shall] support the development of socialist economic integration;

b) the Council for Mutual Economic Assistance shall support the improvement of the international socialist division of labor by coordinating plans for developing the national economy [of member countries], and by specialization and cooperation regarding the production of the Council’s member countries;

c) the Council for Mutual Economic Assistance shall enact measures for the study of economic and scientific-technological problems of interest to the member countries of the Council;

d) the Council for Mutual Economic Assistance shall assist the Council’s member countries in drawing up, coordinating, and implementing joint measures for:

the development of industry and agriculture in the Council’s member countries;

the development of transportation, primarily to secure the increasing transport of export, import, and transit goods for the Council’s member countries;

the most efficient use of the principal capital investments allocated by the Council’s member countries for the development of the mining and manufacturing industries and for the construction of major projects of interest to two or more countries;

the development of trade and the exchange of services among the Council’s member countries and between them and other countries;

the sharing of scientific and technological achievements and experiences in advanced production

e) the Council for Mutual Economic Assistance shall adopt other measures that are necessary to achieve the Council’s objectives.

2. The Council for Mutual Economic Assistance

a) in accordance with the present charter, is authorized, through organs operating within the scope of their competency, to adopt recommendations and make decisions;

b) in accordance with the present charter, can conclude international agreements with the member countries of the Council, with other countries, and with international organizations.

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