good things come much of those who wait after nearly two decades of torturous debate russia finally gets the green light to join the global trade system. the italian economy trembles and groans under the weight of its debt silvio berlusconi's promised resignation leaves markets fearful of an impotent successor. and our sure close up series takes you to the shores of the black sea where local producers are struggling to tempt the taste buds of gourmet lovers all around the.

hour just after four pm on thursday here in moscow this is artsy with me wrong reception russia has finally been granted accession to the world trade organization after almost twenty years of thorny negotiations a commission in geneva has finalized over all charmers for the long awaited membership which will happen in december laura smith now has more on this. today it's really been historic moments we've seen this big working group we walked into the room earlier on today to watch these final negotiations taking place there representatives from all hundred fifty three current members of the world trade organization and it resulted in them bringing down the gavel quite literally on the documents that were approved russia's accession to the world trade organization then chief russia's chief negotiator maxime it made what's actually quite entertaining speech about what's a long process this is being he talked about the ups and downs the dramas and even

the comedies of this process and he said at the end actually russia is not fully satisfied with this deal but his main geneva lesson that he's learned is that if no one's really happy with the deal then it means that deal is fair as far as what happens next this has been the this sort of the sort of talks you meant approval if you like and then later on in the year in the middle of december based documents will be passed to the ministers of the world trade organization and they will then formally approve it and it's only at that moment that russia formally answer ceremonially exceeds to the world trade organization the world bank says that in the in the medium term russia's economy will grow by three percent in the long term by eleven percent as i say that process will really begin formally in december when the ministers meet and give their final approval to those documents in fact my colleague has been looking at the advantages and disadvantages for russia's

membership of the world trade organization let's take a look at her report now. the person on the street w two members should pull not be just something bill in the news but it will mean prices removing trade barriers between states increases competition prices will. drop and the masti companies also grow weaker with foreign markets opening up. workers obviously not allergic or company it all looks like a win win situation their most recent project is the north stream pipeline should they enter international markets will face very little competition. and this is ross a much larger plant in russia's south producing harvester russians. for months ahead and workers who conspired. but the head of the company has a rather different outlook to that of the w.

cheerleaders. even without entering the. agriculture. group culture will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo he will. the troubled mortgage giant 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 of the us is the government's favorite child but not all car makers in russia are cherished this used to be a thriving want of musk reach open to ninety and thirty its most successful years what the fifty's and sixty's when hundreds of thousands of not screech cars flooded the soviet and foreign markets after the collapse of the soviet union mass creature

was in desperate need of money but the government could not afford to loss making copper juices and not screech was tossed 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 g a wisely firstly entreats the w.t. have doesn't mean you instantly have to drop all tires and comply straight away transit sokol 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 car making but at a certain point the state's industrial dependence will have to let go of its hands and walk on their own two feet in the world outside of that should also be a somewhat easier place to do business in labor adoption of customs tariffs and trade barriers to a more level playing field across international markets exceeding the gradual r t

scale. we are always eager to get your take on the stories we're doing here today we are asking who will benefit most another russia is finally going to be a member of the world trade organization ok let's see how the numbers are stacking up here at r.t. dot com the majority think there will be no winner this is the organization only adds to the big financial mess the world are ready and almost a quarter say that w t o membership is actually good for russia as it will boost its role in the global economy finally have its equal between those who believe that moscow's accession will play into the w t o's hands the russia will suffer because it will be unable to cope with the competition i do take a moment i cast your vote at our team dot com. there'll be more news and opinion on this topic throughout the day right here on r.t. plus our business team is also keeping a close eye on the story. yes story the business team is following this story closely we managed to talk to some of the acts first and most of them agree that

russia's membership in the w t o will open new markets for russian goods it will also boost the despite foreign investment into the country well joining the student about fifteen minutes time to find out which western western business is. he with r.t. live from moscow now the italian government is approaching on panic after silvio berlusconi's promise to resign left the country's interest rates soaring through the roof the situation is being exacerbated by fears that berlusconi's successor won't be able to bring the country's deeply fractured political factions together our correspondent sara further is in rome with. the scene is here raising prices developed an unprecedented race and it's least the latest country that has been sucked into the debt spiral which then might be neighbors could be seen as boring holes because that's the sun that's it and it's really dangerous territory now

that's because of that seven percent is the trigger point at which we saw countries such as ireland forced the lingering cough to see an emergency bailout from the usa and the i and those who say the point at which investors start looking at the countries with a big that's in this league think that perhaps there is a possibility because you won't be able to pay what it would be disastrous for a country with a big debt as we found that about one point eight trillion here has to be a major problem though and this is the rule so you're going to be looking at whether the year is in how the resources to then lend says the n.b.a. eventually it's a bit of another leg and just opened up a name and that support is simply not in place a big. usa needs wanted to have that isn't ready because simply isn't there or not could really free a major problem prime minister berlusconi has said that he. is and he's not telling himself 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. despite the many measures taken to contain the eurozone crisis it's not grown son thought the political bloc itself. chief economics commentator of the independent newspaper says the main priority now most of the e.u. itself. you can sort of see your way through just with a new technocratic competent government initially you can sort of see your way through just for them getting by but it's kind of cut clutching at straws the big thing is to preserve the euro. not to preserve the us if the euro has to go that it's better that it should go and maybe when i say go back could be something

called the euro which just applies to germany and the neighboring nations maybe france maybe. and excludes italy and spain portugal and all the rest but it's difficult to do that but the bigger game is keeping something called the european union together even if it has to be a two speed europe it is not impossible that the the euro could be finished by easter and that with the dawning realization if you could it's debt crisis may well be out of control. and see her put off for their own rather uncensored take on the situation because a report coming your way about a three thirty g.m.t. but for now a quick preview. here is a fifty euro brawl 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 nightly printed up in this beautiful display case that you can show in

your house and tell your kids all about what happened in europe. now at ten minutes past the hour here in moscow internet users have been left shocked after videos of police brutality against student protests at the university of california on line they clearly show officers didn't hesitate to use their batons to beat young activists before arresting them after they refused to dismantle their tented camps and as he talked to some of the witnesses and this one in particular here's what he had to say police approached with full force right here and the towns we plan our guests to use their tongues for the jab was in the stomach and everything is but there were times when people to the floor and then remember with their nightsticks with their response as they were on the floor they

were at their point across the lawn and then dressed in the people that weren't doing anything and they hit they hear me on the arms on the torso in the sonic and they arrested more students and they eat the students you know that your nonviolent peaceful protesters but they were extremely real in their attack with that with their sticks many people were injured i heard one professor on this is not a university it was his protest and she's not. interested in we've paid tuition that's rising every year for less services. and we decided it was time to take back our school and carrying out the momentum from the other eye movements we thought this would be a good time well our twitter feed our three underscore column is the best way to say fully up to date with the latest news from the protest site you can also follow our correspondence tweets for the links to when you wish to videos have a look right here they can be found at lucy catherine office twitter stream

including a full videos of police brutality she's always there twenty four seven seven i just . the u.n. atomic watchdogs latest report on iran's alleged nuclear ambitions has split the international community the i.a.e.a. has no direct proof tehran is trying to make weapons but it study was enough for several countries to call for a new crippling sanctions russia has already rejected the idea saying it would stall a possible diplomatic solution so aussies are garni tragic and now takes a closer. washington and european in some european leaders would ideally want to impose crippling economic sanctions 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 he said russia put forward an offer which is still on the table and that is for iran to

fully cooperate on 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 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 pensions are really high israel's was hinting that there is gearing towards preemptive towards a preemptive strike washington say that all options are are on the table despite tough rhetoric coming from both israel and the u.s. many agree that washington in tel aviv are most likely to use the record as political leverage to try and isolate iran as 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 appears 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 be 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. yes i got to come right there i will lead the iranian ambassador to the international atomic energy agency has told us here at r.t. that iran is i was transparent as any country can be calling the latest report on its nuclear program politicized this report is not professional and not balanced and he's with political motivation and under political pressure by us and catalog are the western countries this report has an addict suffering in pages of the

allegations and the materials which were handed over only last week to us in the company should man there read the ten pages of the report of director general which says that all activities including a retirement are continuously under to safeguard inspection the only second part which is the n.a.s. is about the american allegation the important thing is that we are particularly pretty all activities are on there are they i. and we have had even hundreds of sharp short on an ounce inspection this is great and we too months ago invited deepika director general of i.a.e.a. to even visit the our india of scientific region and can you give me any example that any respect or being permitted to any cynthia leishman in any other part of the war and i washington world attempt to ride the crowd less hype created by the report to kickstart a long planned military campaign against iran well that's the view with paul craig roberts who worked in president reagan's administration. which doesn't really say.

in your end of. and washington war not a spear in 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 court steps there's no evidence of any diversion of it in your computer or there's some sort of hype about it working on a trigger for a nuclear bomb but everyone knows that ranch and not. enrich uranium to the extent necessary to make a bomb baby you said they want you can 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 you really don't nothing rains have done nothing. and the americans are continuing to try i mean 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 all right so you without a life and. international stories for you have a brief a five point seven magnitude earthquake has struck eastern turkey just two and a half weeks after a large trauma that killed more than six hundred in the same area of the south has already claimed at least seven lives and left dozens trapped under the rubble of twenty buildings that collapsed and one of the structures bore down was a hotel being used by aide workers and journalists covering the aftermath of october was tragic. in a soul of police used water cannons in an attempt to break up a demonstration after thousands took to the streets did a free trade agreement with the united states protesters claim the deal will only

benefit american companies while jeopardizing the south korean economy the u.s. congress has a ratified the agreement that took place last month the korean ruling party plans to push the deal through parliament next week i despite stiff resistance from the opposition. but just why the u.n. saying a more needs to be done to protect civilians in syria activists are claiming another ten people have been killed in a brutal police crackdown against demonstrators well this also comes after an agreement between president assad and the arab to end the bloodshed but the terms demanded that the government pull the military from cities detained activists free and start talks with the opposition to get an opinion from inside the country sophie shevardnadze talked to the deputy foreign minister who shared his views on what's really going on. the credibility of some international non-governmental organizations have been lost because they don't take

into consideration what's really know who one of these organizations has said that syria has lost one thousand one hundred fifty multi-use from the army and this includes the critics do think this is the correct approach absolutely none. yes. many civilians were killed assess in ated but people have to ask the question who killed them and why they were killed those who are provoking these developments want syria to go through a civil war particularly when you correctly defy those forces i'll tell you those religious extremists solicits drug traffickers and smugglers they have been provided with up to date technology of communication. by the will nor forces from outside syria millions of those were smuggled in syria to

encourage people to disturb the peace in the country. like a twenty one minutes past the hour in moscow an hour we invite you to the black sea coast as our close up series continues to explore the most amazing corners of russia. you and i right now the region is one of the most popular resorts for russians hopes its appeal will soon stretch further afield and one way to do that is through food luxury producers there in the area are slowly making steps towards putting the region's riches on the world's most exquisite tables. talked to the pioneers of the industry and found out about the hurdles still to be overcome. gourmet treats from

russia's coast but these luxury feed producers are struggling to find a market this is the only muslim at least a farm in the area just of the black sea coast it's run by full rex scientists need to study the regions and realize back in the u.s.s.r. . that when she was when the country collapsed science collapsed we were fired from our jobs in america research center. growing mussels and oysters so we approached a company and arranged the million roubles for a start up it's a risky business with a storm capable of ruining a year's work and that 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 see foreign menus and started asking for more mussels nozzles an oyster as are currently very popular in russia in fact the efforts of these guys are unique here

but the hoping to grow markets for the underwater brown thing not the only one hoping for a place in a table. but this has been yard and tourist center in lamb's yanis and his family have been farming for decades he's a greek descent and helped his father establish the farm recently he decided to try and make wind changes but 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 you the comet and whether a good for great britain here but janice is hesitant to try and make this into a proper business it's corruption that's putting him off yes mature a little less like an artist painting a picture if i wanted a serious business i'd be too scared of corrupt officials taking it from me or that we're 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 ganesh complains there's

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. he hasn't given up hope of making up for nothing he is too good great growing areas in russia this is a favorable area so if your thirties don't interfere 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 muslim producers on russia's black sea coast but who knows within a few years this region could become a center for gourmet russian dining dumbarton r.t. ok let's back up the alley business update here on r.t. next.

thanks for ian's a very warm welcome to the business program as we've been reporting russia has been given the green light to join the world trade organization the move is expected to open new markets for russian goods it will also boost the foreign to the desired foreign investment into the country take a mail from morgan stanley explains which western companies will rush to cash in fast i think it's going to be in place in the services it's going to be companies legal companies insurance banking puts a sort of area that will benefit because they will feel more comfortable about entering the russian market it's north like turning a key in the engine starting it takes several years for the tariff cuts to come through it takes a while to change administrative practices and so i think we're looking at three to five years before you have the full impact of the obsession but the economists are calculated it was a world bank study that people refer to a lot it will add about four point three percent of g.d.p. to russia over the medium term most of that about three percent coming from this

increase in investment in services i don't know the one percent coming from increased in russian exports. and with russia on the brink of finally joining the world trade organization deputy mayor of moscow andre short of explains what accession will mean for the capital market players companies. working in moscow will face changes in terms of competition and drum go international trade just after that and it means that these companies including maybe some of them all and buy the cd must be prepared for these changes and it means they have to be more competitive and. more prepared go prepared to be more open we are doing business but we see this step as additional

charges of foremost goal to become a real international financial center to become more attractive destination for for investors and financial transactions. and we also talk to roll a national very capital he says while not all russian companies will benefit from the w t o in the beginning that will be a long term advantages. do you go to the cio is designed to bring down barriers for industries who want to invest in to other countries and to russia just doesn't have the many industries which are a threat to you so it's cool to make good sense out of the natural resource sector but it's very few areas and eventually she said sure and i think the goods coming in from the outside would put pressure on russian companies to become more efficient and there's plain zero but you could see the russian companies become more efficient and as a result of that you know goods coming in russia are becoming more competitive investment coming into the country everybody benefits particularly consumers. has

some a look at the markets corridor well is high on speculation that europe's economy may well that region's debt crisis branches crazing f. one hundred twelve dollars per barrel by a light switch is over ninety six dollars per barrel. european stock markets are mostly high in the afternoon while the challenge stocks in the front as traders i prospects for a change of leadership in rome over foot sea is what will flow pressurised by losses from mining stocks banks from the private days shop losses. and here in most of the markets a heart of a saw the arch asses off a quarter of the sun while the my six point eight percent. has a look at some of the individual show moves on the my it's left his front dissolve as their bond is at turn four percent alone to has reported a more than truth old increase in the profit for the thoughts ten months will be here but that's under russian accounting standards like need is also low the company's earnings have jumped almost eight percent in january september. of us and

for no you are up to date from all stores we're going to a website that starchy dot com slash business. over. the.