E. Europe on Record for Free Enterprise System
BONN — Moscow and its reformist allies, in a move unthinkable only months ago, have accepted an international accord committing them to back private property, free enterprise and multi-party democracy, delegates to an East-West economic conference said today.
Although not legally binding, it represents a formal commitment by the reformist Communist countries to step further down the path of Western-style free markets and make their currencies convertible.
The pledges are contained in a draft final document agreed upon by 35 nations attending a Conference on Economic Cooperation in Europe, which has been meeting here since March.
The document, submitted by six neutral countries today, was based largely on proposals from the European Community, Canada and the United States.
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