now i am in the russian capital you're watching r t with me rima joshua welcome to the program was am a long journey for russia and commission in geneva is set to clear all the remaining hurdles for moscow's long awaited membership to the world trade organization it comes after russia and georgia finally reached an agreement on regulating customs on the borders with a breakaway republics of south a city and a posse of art is laura smith has more from geneva. this could be the end of an eighteen year process the last big hurdle to russia joining the world trade organization has been successfully negotiated on wednesday russia accepted a trade deal with july the agreement signed here in geneva and laos the monitoring of all cross border trade between the two countries including the russian backed

south s.s.e. and abkhazia by a private company without the last of george's objections to russia joining the w t o has been dealt with barring any last minute deal realm and sways analysts say are always possible but unlikely the packets of documents on russia that session could be approved by a working group on thursday or friday with membership formalized in december russia's accession will be the biggest step towards liberalizing trade around the world since china joined the w t o around ten years ago analysts say any clear indication of a deal could boost the russian stock market by five percent providing a base of relief from eurozone uncertainty and the world bank says she could boost the size of russia's economy by more than three percent in the medium term and eleven percent in the long term. laura ament there while some businesses are celebrating the accession others are preparing for

a tough period of transition. has more on what will change in russia's economy once it finally joins the club. the only major market and g. twenty member still outside the world's largest economic club is russia and membership is eagerly anticipated not only by moscow but internationally as being a member of the team improves first the mood for foreign investors because foreign investors especially those in our case who come from the european union are used to working on a double ditto regime for the person on the street w t o membership will not be just something they'll read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of imported goods drop and domestic companies also grow quicker with foreign markets opening up . the workers of this metallurgical company it only takes like a win win situation they produce unique large diameter well and gas pipelines their

most recent project is the north stream pipeline should they enter international markets will face very little competition. the first for the competitiveness of our goods will increase and not only in metallurgy who's going to invest in india during the malaysian period product is much better now this is also about manufacturing industry engineering whatever and this is the last say much the largest plant in russia south producing harvested russia is going to book a school for months ahead and workers look inspired and your fellow of the best half will produce more combines and sell more as well. but the head of the company has a rather different outlook to that of the w t o cheerleaders since. the b.t.o. is a label and russia is exchanging real values for a label our oil and gas will be in demand even without entering the. well

agriculture will tumble now fifty percent of all lands in russia are abandoned soon it will be sixty to eighty percent. andrew culture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most of human origins and to w. to a little business claim that car maker up the vase will be swept away with a flood of a food a bill for an alternative the troubled mortgage giant was rescued from the brink of death in the economic crisis of two thousand and eight by prime minister putin with more than one billion dollars in loans cash and guarantees and he even bought a car for himself to show his support for the hard pressed domestic producers of the us is the government's favorite child but not all car makers in russia are cherished this used to be a thriving. open the 1930's most successful years what the fifty's and

sixty's when hundreds of thousands of my screech chorus flooded the soviet and foreign markets after the collapse of the soviet union creech was in desperate need of money but the government could not. making copies and market research was out the only way to avoid the collapse of yet another industrial giant experts say is to use the transition period after joining the w two wisely firstly entry to the w t doesn't mean you instantly have to drop all tires and comply straight away transit so-called transition period roughly. protectionist measures will apply for a number of sensitive industries which employ millions of people such as agriculture timber and car making but at a certain point the states industrial dependence. and work on their own two feet in the world outside but that should be a somewhat easier place to do business with

a reduction of customs tariffs and trade barriers to a more level playing field across into not. well there are many more news and opinion throughout the day right here on our t.v. as the working group session in geneva on hold while you can find more analysis on the issue on our website our business team spoke of all the chief economist of george bank russia to find out what he thinks of russia's accession so long to take a look. prime minister silvio berlusconi is facing his last few days in office as italy moves closer to the financial brink bond rates hit emergency levels close to the level which forced greece portugal and ireland to ask for an e.u. bailout and that's part panic in global markets amid fears berlusconi successor

won't be able to prevent the third largest economy from sinking r.t. sara for three quarts. that we've seen this year easing crisis developed the unprecedented rate and its least being the latest country that has been sucked into the debt spiral which then might be. seen is pouring polls cars that serve in the sun that this is an extremely dangerous territory now that's because the market that seven percent is the trigger point at which we saw countries such as ireland portugal in greece tough to see an emergency from the in the eye and there's also the point at which investors start looking at the countries with the big debts of this think that perhaps there is a possibility that the country won't be able to pay what it would be disastrous for a country with a big. bounce at about one point eight trillion a year to be a major problem though investors are also going to be looking at whether the year

is in has the resources to then lend says the in the eventuality that of the other lenders stop it at the moment. support is simply not in place a big. usa needs wanted to have that isn't ready the cost simply isn't there or not could really free a major problem prime minister berlusconi has said that he's going to be resigning he's not putting himself told that he actually felt quite relieved by that that was very very clear right now in the country is the how and when the new government is going to be pulled is not going to provide a quick fix to the financial problems in the country so our first report and their policies are mostly responsible for italy's economic problems and as of you off policy in development specialist power phone. certainly want to see on the financial ground. two of the strong speculative movements the goal now for several months over the economy in the states to g.d.p.

ratio was unsustainable in fixed the problem of these in the ease of course that the major was no growth the absence of growth which is imposed by the policies of the mostly the german disease. and of the moment three union. in the country. edging towards a very dangerous area which of course will look the. possible situation in the stock market the effect of this would be the collapse of the system but this would create a culture in the country instead of the solution. if we may now be seen as the greatest threat to the eurozone but crisis veteran greece is still in turmoil three days of power sharing talks have so far failed to yield

a result and it's still not clear who will be the next prime minister but he government will have to pass a new bailout plan which is necessary to get the latest eight billion euro loan the eurozone is demanding that the two main parties sign away at or backing the dad deal by the opposition says there is no need for eve written pledge talks and a new prime minister and cabinet will resume on thursday and we use financial troubles no closer to being resolved max kaiser and stacy her or provide vera latest take on the situation in the kaiser report that's coming up later today. there's a fifty euro for all toilet currency all of your fifty euro toilet paper currency will soon be about as valuable as the star of the paper except this is all available in knightly printed up in this beautiful display case that you can show in your house and tell your kids all about what happened in europe.

the u.n. atomic watchdogs latest report on iran's alleged nuclear ambitions has split the international community the i.a.e.a. offers no definitive proof tehran is actually pursuing a bomb but its findings still prompted several countries to call for fresh sanctions that idea has already been rejected by russia who says sanctions might be used to force regime change in iran or she's got if she can takes a look. washington and european and some european leaders would ideally want to impose crippling economic sanctions that would further isolate iran but we know that two of the permanent members of the u.n. security council that is russia and china have made it clear that they don't want to cripple the uranium economy and that they say further isolating iran would be counterproductive and instead russia put forward an offer which is still on the table and that is for iran to fully cooperate on the inspections and to prove that what they say about the civilian purpose of their nuclear research is true and is

not a cover up for the oil for a weapons program and in return the international community would be ready to consider lifting sanctions and that's the offer which is still standing iran's says they won't back off from developing nuclear technologies tensions are really high israel was hinting that they are gearing towards preemptive towards a preemptive strike washington said all options are on the table but despite tough rhetoric coming from both israel and the u.s. many agree that washington in tel aviv are most likely to to use the report as political leverage to try and isolate iran and possibly to put a dent you know in flourishing economic relations with china the u.n. nuclear watchdog report itself does not reveal a smoking gun but it sure hyped up fears that iran continues research on nuclear weapons the agency says its report is based on the intelligence gathered by a number of countries including the united states but the u.s.

intelligence has a history of presenting false evidence back in two thousand and three to make a case for the war in iraq it presented evidence that seemed so very solid at the time but turned out to be a hoax the question many now ask is could the un's atomic watch stock report serve as a justification to start a war with iran but security experts say the consequences to such action would be catastrophic. she count reporting there while the reigning ambassador to the international atomic energy agency has told her team iran as a strand's parent as any country can be calling the latest report in its nuclear program politicized these super days not professional and not balance and is with political motivation and political pressure by the u.s. and couple of the western countries this report has a fifteen pages of the allegations and the materials which were handed over only last week to us saying that companies should read the temp pages of their report of

director general which says that all activities including a retirement are continuously on their to save inspection the only second part which is the n.a.s. is about the american allegation the important thing is that we are party to impeach the all activities are on the. even of that shark short visit unannounced inspections this is great and we took months to go invited depleted director general of i.a.e.a. to even visit the r. and d. of richmond can you give me any example that any inspector being permitted to any decent in any other part of the war and paul craig roberts who worked at ron bragg and said ministrations believe the purpose of the i am report is to pave the way for a long planned military strike against iran. we now have a court which doesn't really say anything there's no evidence and it is just some

innuendo and washington will not spend this innuendo to try to prepare the ground as they did with the right. time for a military attack based on nothing in fact the report said there's no evidence of any diversion of any nearer to target that there's some sort of hype about them working on a trigger for a nuclear bomb but everyone knows the ranch and not. enrich uranium to the extent necessary to make a bomb baby even said they won't even enrich uranium to the stage to use for medical isotopes they're willing to have that done outside the country it's the americans who block that deal so so they've really done nothing iranians have done nothing. and the americans are continuing to try the washington course to create a pretext for

a military attack on iran is part of the neo conservative agenda it's been part of the agenda for what now what a dozen years. we're always eager to know your take on the story and today we're asking you how grave the chances of a military intervention against iran are not take a look at the site that we've got for you well so far most of the respondents believe incursion is sure to happen as america and israel need this war while sixteen percent are of the opposite opinion saying there is no possibility whatsoever of an intervention and the rest of the respondents are evenly split between the chances of military action depending on the country submitting to the u.n. nuclear watchdog inspections or that an intervention is unlikely unless there ron admits he has the bomb so you can have your say on this issue by logging on to our website r t v dot com. in northern caso a nato peacekeepers have fired tear gas to ask nick serbs to seize one of the

barricades set up months ago in an ongoing border dispute but the gains were short lived after a new old block was put up nearby fresh air think violence flared up soon after the incident with at least thirty serbs injury in a shoot out with a local ethical man's political analysts eyes out of poverty believes there is a bigger picture behind actions. they've been doing that for years now and they've broken their mandate actually they're doing the job of. control government and prishtina and they're doing it openly in spite of their mandate from the un which is supposed to be a peacekeeping mandate to keep the the warring sides separated this is an aggressive show of force the like an occupier he said of the peacekeepers who are behind the crisis and are really still behind the crisis in iran we're seeing right now is the sowing of the new world disorder and serbia is one of the flashpoints.

well log on to our web site r t to convert plenty more stories including students taking to the streets of london on mass to fight funding cuts and soaring to wish in fees face a wall of police also. an anonymous hacker group of ows its next target will be the muslim brotherhood web site find out where and why they say they are going to attack. us not to go look at some other stories from around the world an earthquake has hit eastern turkey killing at least seven people and leaving scores trapped under rubble about ten people however have been pulled from the debris and early rescue efforts dozens of buildings collapsed in the city of bam as the tremor measuring five point seven magnitude struck it comes only a fortnight after another quake in the same region killed at least six hundred leaving many more homeless. us police in riot gear have clashed

with student protesters at the university of california berkeley after their refuse to dismantle their camp tanks were wrecked the following a march against two ation increases for students several activists have been arrested and some claim to have been beaten by police with petards the rally is part of the occupy wall street movement against economic inequality that's been sweeping the u.s. for weeks. some arab leaders are reportedly offering asylum to syrian president bashar asad to ease his departure from power that's according to a senior u.s. official although he did not identify the countries that had offered to take acid in it comes a day after activists groups claimed around ten people were killed across syria by security forces in the way its crackdown but syria's deputy foreign minister has told our team the truth trigger a four protest are terrorist organizations outside the country. water

provoking these developments want syria to go through its civil war particularly when we correctly define those forces i'll tell you the village of extremists so leftists drug traffickers. smugglers they have be to provide them with up to date technology of communication. by the wood north foursomes from outside syria billions of those were smuggled into syria to encourage people to disturb the peace in the country and not to mention the tens of thousands of weapons that have been smuggled the into the country from here from libya from iraq and all neighboring countries. all time now to explore the world's biggest country and our russia close up series.

the russia's black sea coast isn't famed across the globe for its core main dining yet some pioneers are trying to put their region on the world food map tom gardner went to see local farmers struggle to get there and delicacies on the russian as well as the global market. gourmet treats from russia's coast with these look three food producers a struggling to find a market this is the only muscle in at least a farm in the area just off the black sea coast it's run by forex scientists need to study the region's marine life back in the u.s.s.r. . that when she was thrown out that way when the country collapsed science collapsed we were fired from our jobs in america research center we were good growing muscles and oysters and so we approached a company and arranged a million roubles for a start up it's a risky business with

a storm capable of ruining a gears work america but without any major setbacks they can harvest twenty tons of mussels a year the problem then is trying to sell them. even on the black sea coast this is not ordinary food only the last two decades of russian started travelling abroad and seeing foreign menus so they started asking for more mussels mussels an oyster as are currently very popular in russia in fact the efforts of these guys are unique here but they're hoping to grow markets for the underwater bounty but not the only ones hoping for a place on the russian dinner table. but this bin yard and tourist center in land yanis and his family have been farming for decades he's of greek descent and helped his father establish the farm recently he decided to try and make wine here curious that we need three years to establish the vine in five years for a good product in

a few years and i hope we can produce great russian wines with your the comet and whether a good for great grain here but janice is hesitant to try and make this into a proper business it's corruption that's putting him off yes more through a little less like an artist painting a chair if i wanted a serious business i'd be too scared of corrupt officials taking it from me where they were but with a creative approach i'm not scared of people in authority are the ones who should be kept from power they do not respect our citizens janish complains that a license to sell his wine costs one and a half million dollars far too much for a small producer like himself this also prevents a good wine industry from developing. the region and her. given up hope of making the most years to there are some good great growing areas in russia this is a favorable area so if you're thirty's don't interfere but we can from a top brand improve ours is as good as any french wine. at the moment you

have to look carefully to find local wine and mustn't produces on russia's black sea coast but who knows within a few years this region could become a center for gourmet russian dining tom bottom party. very nice well recap our top stories is coming your way in just a few moments before that they will take a look at how it's happening in the world of business with kareena. our welcome to our business update this cell thanks for joining me the moment of truth is almost here for russia to join the world trade organization moscow's accession to the club will open new opportunities for foreign business in the country meaning domestic companies face tougher competition however chris wafer from troika dialog says for most changes are not likely to come past. i think some industries would love to see face competition immediately abstention services

insurance companies and other financial service companies would be able to establish fully domestic subsidiaries and they're expected to come in fairly quickly on the other hand if we go down to some of the consumer sectors and perhaps the manufacturing particularly older sector where prime minister putin has already said to be looking for a grace period to allow russian companies to adapt and to improve it to get ready for competition but i would expect russia would be looking for something similar maybe a five or six years lead in period for some reason mistress. look at the markets now cool is trading near today low as investors speculate but recent gains were exaggerated prices a little changed after dropping for the first time in six days on wednesday asian markets drop on thursday tracking steep falls in the us where markets plunged more than three percent vestas were dumping stocks up on the search tally and balling calls to. two and a half percent and hong kong is losing four and a half percent national firms an export of among the hardest it's throughout asia

industrial and commercial bank of china fell seven point three percent agricultural bank of china gave up four and a half percent among major exporters lost over five percent in japan and panasonic fell four point eight percent. less than one hour ahead of the opening bell here would moscow russian equities ended wednesday's trading session in the red m i six was down more than three percent while the r.t.s. lost over four percent. capital believes that e.u. debt question will dominate volatility bargain hunters thinking by. the looks law you should probably now. a ball european cross a school of course a group of the major sole source of volatility in the medium term however we're thinking about investors should choose their words fundamental data to word smucker konami data. results of the companies in the recent couple of weeks we'll see in

moscow for the but economic data in flowing and elsewhere believe the buying to weakness pattern is to persist in the market so probably such. a loss can be used for increase in position sat a bit better price and. that's it for now more updates coming to you in about forty time it.

will be the. technology innovation all these developments from around russia we've dumped the future coverage. these. are critical three. three. three three. three stooges. old freeboard video for you. free.

welcome back if you join us you're watching r.t. coming to you live from moscow and these are the top stories russia's odyssey to join the world trade organization is now closed today and after almost two decades of overcame the last hurdle on the way to accession by sealing a crucial customs agreement with georgia. costs hit a record high pushing the country to the brink of financial collapse and dragging global markets down that's despite the country's prime minister silvio berlusconi promising to resign as soon as parliament approved the measures demanded by the e.u. . and a western powers push for fresh sanctions against iran following the latest report on its alleged nuclear ambitions.