you're watching r.t. coming to live from moscow with joshua welcome to the program it's the end of a long journey for russia a commission in geneva is set to clear all the remaining hurdles for a moscow's long awaited membership to the world trade organization argues 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 ossetia and abkhazia by a private company with that the last of georgia's objections to russia joining the w t o has been dealt with barring any last minute deal relman to it analysts say

are always possible but unlikely the package 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 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. for us miss reporting there now while some businesses are celebrating the session 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 the 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 l membership will not be just something they'll read about in the news but it will mean flow of prices removing trade barriers between states increases competition prices of in florida goods drop and domestic companies also broke quicker with foreign markets opening up. for workers of these metallurgical company it all looks like a win win situation their most recent project is the north stream pipeline should they enter international markets they'll face very little competition. and this is the last say much the largest plant in russia south producing harvested rushers is what a book is full for months ahead and workers look inspired. but the head of the company has a rather different outlook to that of the w t o cheerleaders with our oil and gas will be in demand even without entering the well agriculture will tumble.

and recall chu will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most step he will. the troubled mortgage giant up the vase 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. after the us is the government's favorite child but not all car makers in russia are as cherished this used to be a thriving flaunting of musket each opened a 1930's most successful of years one of the fifty's and sixty's when hundreds of thousands of muscovy each chorus flooded the soviet and foreign markets after the collapse of the soviet union must creech was in desperate need of money but the government could notice boards making called produces and muskie she was.

the only way to would become laps of yes and now the industrial giant experts say is to use the transition period after joining the w two wisely. entry to the w. doesn't mean you instantly have to drop all customs tires and comply straight away there's a transit so-called transition period roughly seven years or so protectionist measures will apply for a number of sensitive industries which employ millions of people such as agriculture timber and come making but at a certain point the state's industrial dependence will have to let go of its time and work on their own two feet in the world outside it but that should be a somewhat easier place to do business in lieu of adoption of customs tariffs and trade barriers to a more level playing field across international markets. aren't t. . well we're always eager to know your take on the story and today we're asking who

will benefit the most once russia is finally a member of the world trade organization this is how the opinions divided so far the majority saying nobody will win in this situation as the organization only adds to the big financial mess the world is already in it's almost all between those who believe that moscow's accession will play into the w t o o's hands and that russia will suffer a rather than benefit because it will be able to cope with the competition and finally only fourteen percent of you say the membership is actually good for russia as it will boost its role in the global economy so cast your vote at r.t. dot com to let us know. well there will be more news and opinions throughout the day of course right here r.t. as a working group session in geneva unfolds plus. what is excess into the doubles here will open new opportunities for business in the country find out about the

advantages and disadvantages of joining the world trade organization in our business bulletin. prime minister silvio berlusconi's facing his last few days in office as italy moves closer to the financial brink its bond rates hit emergency levels close to the level which forced greece portugal and ireland to ask for an e.u. bailout and that sparked panic in global markets amid fears berlusconi's successor won't be able to prevail on the euro zone's third largest economy from sinking r.t. sara for three ports. we seen this year raising prices developed an unprecedented rate and it's least being the latest country that has been sucked into the debt spiral which then might be. the scene is pouring calls cause that's seven percent. it's an extremely dangerous territory now that's because most of that seven percent is the trigger point at which we saw countries such as ireland portugal and greece

top to see an emergency from the usa and the i and then there's also the point at which investors start looking at the countries with a big debt such as this lease 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. company found that about one point eight trillion a year has to be a major problem though investors are also getting to be looking at whether the year is and has the resources to then lend to sleep in the eventuality that of the other lenders told that at the moment that support is simply not in place the big bailout fund the u.s. any just wanted to have that isn't ready because simply isn't there and that could really three 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 first reporting there well you policies are mostly responsible for italy's economic problems and doubts of you off policy and development specialist power phone. infect the problem of easily ease of course the debt but the major one is no growth the absence of growth which is imposed by the policies that european labor led mostly by the german decisions on how to handle the monetary union this is cosy talk to the balance in the country i think we are edging towards a very dangerous area which is that of the trades of the high spread with the german bones which of course will luck reate an impossible situation in the stock market the effect of this will be the collapse of the system but this will

create a couse in the country instead of a solution. well italy 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 the new government will have to pass and new bailout plan which is necessary to get the latest eight billion euro loan but eurozone is demanding that the two main parties sign a letter backing the dad deal by the opposition says there's no need for. talks in a new prime minister cabinet will resume thursday and with it use financial troubles no closer to being resolved max kaiser and stacy herbert provide their own latest take on the situation in the kaiser report that's coming up later today. there's a fifty euro roll of toilet currency all of your fifty euro toilet paper currency will soon be about as valuable as the store the paper except this is all available

nightly printed up in this beautiful display case that you can show in your hose and tell your kids all about what happened in europe. you asked police in riot gear have clashed with student protesters at the university of california berkeley after the or if used to dismantle their camp tans were put out following a march against tuition fee increases for students several activists were arrested and one protester told r.t. some were in discriminately beaten by police with the times. police approached with full force with break here and batons we don't want. to use their tongues for the job was in the stomach and there is nothing but they're going to look more and remember with their mates with their talk as they're on the floor.

they were there for him he will cross the line and arrest him there are people that weren't doing anything they hit they hit me repeatedly on the arms on the torso in the stomach and they arrested more students and they. the students we reviewed that we were nonviolent peaceful protesters but they were extremely cruel in their attack with that with their sticks many people were injured i heard that one professor one of the professors our university was was protesting and she's in the hospital and. while this rally in berkeley is part of the occupy wall street movement against economic inequality that's been sweeping the u.s. for weeks now with correspondents and the states following developments reported to tell her responses from police and other cities as well so log on to our web page on twitter for more on. the u.n.

atomic watchdogs latest report in iran's alleged nuclear ambitions has split the international community that i offer is 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 he's gone it should count takes a lot. washington and european 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 un 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 and tel aviv are most likely 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 watched awkward port serve as a justification to start a war with iran but security experts say the consequences to such action would be catastrophic. reporting there there were a number ascertain the international atomic energy agency has told our t.v. around as a transparent as any country can be calling the latest report on its nuclear program politicized. this you portray is not professional and not bad with political motivation and under political pressure by us 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 in the company should read the temp pages of the report of director general which says that all activities including a retirement are continuously on there to safeguard inspection the only second part

which is the annex is about the american allegation the important thing is that we are party to n.p.t. all activities are on there. and even as a snapshot short visit unannounced inspections this is great and we took months ago invited depicted director john the i.a.e.a. to even visit the r. and d. of scientific richmond can you give me any example that any inspector being permitted to any certainty in any other part of the war and paul craig roberts who worked on ronald reagan's administration believes the purpose of the i.a.e.a. report is to paint a way for a long planned military strike against iran. we now have what which doesn't really say anything is 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 iraq.

time for a military attack based on nothing in fact the report said there's no evidence of any diversion of it in your claim. that there's some sort of hype about they're 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 their aims have done nothing. and the americans are continuing to try i mean washington goal was to create a pretext for a military attack on iran is part of the neo conservative agenda it's been a part of the agenda for what now what

a dozen years. log on to our website for plenty more stories including students taking to the streets of london on mass to fight funding cuts and soaring tuition fees face a wall of police also an anonymous hatteberg group vows its next target will be the muslim brotherhood web site find out at our team and of why they say they're going to attack. at some other stories from around the world and earthquake has hit eastern turkey killing at least seven people and leaving scores trapped under rubble about twenty people however have been pulled from the debris early rescue efforts dozens of buildings collapsed in the city of van 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 mannie more homeless. some arab leaders are reportedly offering asylum to syrian president bashar assad to ease his departure from power and that's

according to a senior u.s. official although he did not identify the countries that had offered to take it in it comes a day after activists groups claim around ten people were killed across syria by security forces in the latest crackdown but syria's deputy foreign minister told r.t. the true trigger for protests are terrorist organizations outside the country is interviewed in full isn't about ten minutes. to provoke these developments have to go through its civil war particularly when they defied those forces. those religious extremists so lifts drug traffickers. smugglers they have beautiful. up to date to acknowledge your communication. by the would move forces from outside syria billions of those were smuggled to syria who encouraged people to. disturb the

peace in the country not to mention the tens of thousands of weapons that have been smuggled in the into the country from here from lebanon from iraq and all neighboring countries. time now to explore and other quarter of the world's biggest country in our russia close up series. the russia's black sea coast isn't famed across the globe for its girl may dining yet some pioneers are trying to put their region on the world food map tom barton and went to see a local farmer's struggle to gather their delicacies on the russian as well as the global market. gourmet treats from russia's coast but these look three food

producers a struggling to find a market this is the only muslim at least a farm in the area just off the black sea coast it's run by forex scientists who study the region's marine life back in the u.s. a song. 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 at growing muscles and oysters so we approached a company and arranged a million roubles for a start up it's a risky business with a storm capable of grooming a year's work with them 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 not the

only ones hoping for a place on russian dinner tables. but this vin yard and tourist center inland 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 i think we can produce great russian wines with your the climate and weather good for great britain here but yes it's hesitant to try and make this into a proper business it's corruption it's putting him off yes martin i look lou it's like an artist painting a picture that 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 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. but he still loves the region. and hasn't given up hope of making it up to almost years to there are some good great growing areas in russia this is a favorable area so if you are thirty's don't interfere we can from a top brand improve ours is as good as any french wine but. 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 r.t. . i'll be back to recap our top stories in just a few minutes before as adèle we'll get the very latest from the world of business karina mail account is here with us in the studio.

thank you marina now welcome to our business balls on the side of 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 will face tougher competition however chris we've heard from troika galaxy as for most changes are not likely to come so. i think some industries would love to see face competition immediately with abstention services the insurance companies and other financial service companies would be able to establish fully whole domestic subsidiaries and they're expected to come in fairly quickly and the other hand if we go down say to some of the consumer sectors and perhaps the manufacturing particular sector where prime minister putin is already said to be looking for a grace period to allow russian companies to adapt and to improve to be get ready for competition i would expect russia would be looking for something similar maybe a five or six year lead in period for some reason histories. and looking at the

markets now crude oil is trading near today low as investors speculate that recent gains were exaggerated prices a little tame stuff the first time in six days wednesday asian markets drop on thursday tracking steep falls in the us where markets plunged more than three percent investors were dumping stocks after such an italian borrowing costs japan's nikkei is losing only three percent hong kong's hang seng is down over five percent this hour financial firms and exporters among the hardest hit commodities are also weak trading house and so we've lost five amps up in tokyo while energy major impacts dropped five percent annually and stock markets started the trading session lower as well footsie and the dax up both losing over one and a half percent. and here markets in moscow markets are in the red following a poor performance in the u.s. asia and europe most of the blue chips are trading in the red as i've said this hour here's a look at some of. individual shambles rawson have down more than two percent

bankers losing around over a less likely over a percent the lender has reported a more than two fold increase in net profit for the first time on something here that under russian accounting standards my guess is also down the company earnings jumped almost eight percent september here's a question from alpha capital. i would suggest focusing on board follows song making long term i could report follows current levels. tractor also i see some value in russia euro bonds especially when russia. the world trade organisation this may boost interest to russian assets and also with the recent ason to move on or style we can also expect some positive rate an actual song russia and once russia transformed from triple b. to single a category we might expect some really strong inflows from foreign investors into

russian it's. italian. plans to invest more than four hundred million euro to boost its presence in russia the company says it aims to become the country's second largest producer and win around twenty percent of the market and several years he really has agreed to buy two big plants in the european part of russia he wants to improve capacity to around ten thousand units a year currently the company has less than two percent of the us market. so we have and i will be looking more at the. next programs.

he says nature and discover its beauty. be a communicate with the wild and let. test yourself and become free. see what nature can give you the. close up team has been to the pencil creature for technological breakthroughs save human lives. now archie goes to the sea.

for unusual ways to protect nature on. where farming pioneers place local cuisine to the highest pitch. and where future developments depend on the way. to russia's black sea coast commercial close up on our t.v. .

welcome back you're watching r.t. here's a look at the top stories russia's odyssey to join the world trade organization is now closed and after almost two decades moscow overcame the last hurdle on the way to accession by sealing a crucial customs agreement with georgia. italy is borrowing costs hit a record high pushing the country to the brink of financial collapse and dragging global markets down that's just by the country's prime minister silvio berlusconi promising to resign as soon as problems of troops the of stared the measures demanded by the e.u. . and western powers push for fresh sanctions against iran following the latest report on its alleged nuclear ambitions but russia rejected the idea is counterproductive.