medicine promise was a precocious promise. signed sealed delivered it's russ's access into the world trade organization is finally is greed after eighteen years in the making for me in geneva in just a moment. the italian economy trembles and groan under the weight of its debt silvio berlusconi's a promise of resignation leaves markets fearful of an important success. and our russia 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 from all around the world.

a very warm welcome to you this is r.t. live from moscow with me. russia has finally been granted accession to the world trade organization north almost twenty years of thorny because she ations commission in geneva has finalized over the long awaited membership which will happen in december laura smith now joining us live from geneva let's get more details from her oh good to see you laura so joining the ws you know it's been a long and tough task for russia just how significant is today's news for the country. well i mean it is significant even if we only look at the huge amount of time that it's taken for this to happen eighteen years as you say there's a document in circulation which is all the terms and conditions it weighs three and a half kilos and it amounts to some seven hundred pages now i haven't had time to read the whole thing and i doubt that i'm in the minority there but can only

imagine that it's full chockablock of painstakingly negotiated compromises which have taken place over that all that amount of time but in fact what the significance is is a question that the chief russian negotiator maxime if you ask it says that he has been asked repeatedly over the last eighteen years what just what is the point of this and he pointed out during a media conference that took place after the gaveling of the documents as they call it here he said that it's true that russia first applied for membership back in one nine hundred ninety three when its economy was in pieces and over that period of time russia has rebuilt its economy without the help of the world trade organization so that it is now the sixth largest in the world but he said that despite that we russia now does ninety percent of its trade with members so membership of that organization is sort of level playing field in terms of doing business it was still very important he talked also about the ups and downs of of

the negotiation process the draw comedy and he said that the most difficult moment moments had come when they were negotiating the natural gas terrorists and also the terrorists for the agricultural sector in russia but he says but now they've come to this agreement he's not fully satisfied with the deal but he says that it's an important geneva lesson to learn that if no one's really satisfied with the deal and that probably means that it's fair for everybody he said he's also negotiated a reasonable period for making adjustments to terrorists between three and four years they will have to. and that's how it's in line with the rest of the world trade organization and the organization itself says that one hundred fifty million russian consumers will be a have access to cheaper prices for a whole range of goods but of course there are also disadvantages in this and my colleague you catarina gretsch over has taken a look for us at the pros and cons of membership for russia of the world's largest

trading organization let's take a look here of course. for the person on the street w. general membership will not be just something bill read about in the news but it will mean lower prices removing trade barriers between states increases competition prices of imported goods and domestic companies also grow quicker with foreign markets opening up. for workers so these metallurgical company it only looks like a win win situation their most recent project is the north stream five one should enter into national markets will face very little competition. and this is most so much the largest launch in russia's south producing harvested russia is what a book is food for months ahead and workers who conspire. but the hat of the company has a rather different health move to that of the w t o cheerleaders. oil and gas will

be in demand even without entering the. well agricultural. eduard culchie will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most of he was. the troubled mortgage giant of the vase was rescued from the brink of death in the economic crisis of two thousand and eight i promise to put in more than one billion dollars in loans cash and guarantees. that is the government's favorite child but not all car makers in russia are cherished this used to be a riding once of must reach open the 1930's most successful years were the fifty's and sixty's where hundreds of thousands of must reach cars flooded the soviet and foreign markets after the collapse of the soviet union was a creature was in desperate need of money but the government could not afford to

loss making car purchases and most creature was cast out. the only way to avoid the collapse of yet another industrial giant experts say is to use the transition period of joining the w to wisely mostly entry to the w.t. doesn't mean you instantly have to drop all tires and comply straight away there's a chance that 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 state's industrial dependence will have to let go of its sons and work on their own two feet in the world outside but that should also be a somewhat easier place to do business in the rejection of customs tariffs and trade barriers to a more level playing field across international markets. aren't.

you know we are always eager to know what your take on the stories we're covering here on our to you today we're asking who will benefit most. become a member of the world trade organization let's put the other number the stacking up here at all three of the majority think there will be no winners in the organization only adds to the big financial mess the world's already around a fifth say that membership is actually good for russia has little boost its role in the global economy and finally here it's almost equal between those who believe moscow's accession will play into the w t o's or the russia will actually suffer because it will be unable to cope with the competition i do think if i was a cost i don't see dot. com if you buy from moscow with more i use an opinion on that topic throughout the day here we are talking about russia in a succession to the w t o obviously the team as well is keeping a close eye on the story. and story of the business team is following closely the story we managed to speak to some of the best and most of them agree that russia's

membership in the w t o will open new markets for russian goods it will also be designed for the investment into the country in the suit in about fifteen minutes time to find out more and it's. already been as past the hour here in moscow by the italian government is approaching on panic after silvio berlusconi has promised to resign as the country's debt interest rates going through the roof the situation is being exacerbated by fears that berlusconi successor i won't be able to bring the country's deeply fractured political factions together. in a room with more on the latest crisis. we seem this year raising prices developing precedented rates and it's least being the latest country that has been sucked into the death spiral for which that might be maybe. the scene is growing old cause that's been the same. but 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 course will increase cost to see an emergency from the usa and the i and those who say the point at which investors start looking at the countries with the big. 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 debt is coming found at 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 has the resources to then lenses the in the eventuality that of the other lenders go to maim and support is simply not in place a big. need is wanted to have 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 that he actually felt quite relieved by that i was very

very clear right now in the country is how when the new government is going to be pulled is not going to provide a quick fix to the financial problems in the country. for us reporting from rome right that when greece has now just announced its next prime minister lucas papademos the former vice president of the european central bank will now take over the reins of the country follows up four days of talks between the outgoing prime minister george and the main opposition leader on a new unity government and the incoming premier a staunch e.u. backer style deal with the difficult task of organize. and you covered and preventing a greek default with a dawning realisation in the e.u. that greece may have already gone too far but let iran artie's it max keiser and stacy herbert for their own uncensored take on the situation we're playing the kaiser report all day here on out. here the fifty euro brawl sort of the

currency all of your fifty euro toilet paper currency will soon be about as valuable as this toilet paper so 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. right about the life from moscow desk but get back to one of our top stories here that of the soon to be accession of russia to the world trade organization to discuss that we are joined by dr alexander lipman a frankfurt based on the press or political international economics thank you for coming on the program today we've been asking our viewers for the past few hours about who will benefit most once russia gets the w t o membership the majority say no one's going to benefit but how would you on so that question. it is a question about whether you look at the short term or the long term consequences in the short run i would say the benefits will be small for all participants but in

the long run it's a win win scenario so the majority will clearly benefit from the russian succession go w t o. russia and of course worldwide the benefits will be rather on russian side from my point of view now nearly two decades it's taken here to russia to try and get its membership why so long. that's a good question actually and i guess i'm not the probably not the right person to ask that you would learn more from those who are participating in the negotiations however it looks like that on the one hand there were over time different political circumstances popping out which were partly not related to the w t o as such and on the other hand the. on the other hand the effort was some years really significant but in addis it was going down and that also delayed russia's accession to w. to you but i would say am actually now i'm not entirely convinced that everything will work not because they have any facts but because it was just such

a long story so one has to travel to believe that it's finally over so you know are you sure it's actually going to work it certainly seems like a part of. the lore i made a few moments ago from geneva said that both sides of the negotiations are unhappy with the result with that probably means that it was a fair decision at the end of the day but you said i'm going to go global global economies will benefit now the russia is poised to join the w t o but how is russia's economy going to change once it fully integrated with her system. well there are basically three things which will happen to russia and three positive things i think one of them may be observed relatively short term i'll go relatively means here relatively into our more long term first of all russia's accession to double your two euro is a very nice tool of restricting their distributive appetites of russian interest groups russian foreign economic policy has been heavily affected by protectionist interests which haven't actually benefited russian consumers and russian population

anyway so it's nice that now these interests this interest groups could be tamed by the exception of the w t o that second benefit is the benefit of credibility it is well known that being part of an international organisation of renowned international organisation and strew russia's perception as a credible partner not only from the point of view of the topics which w t o does a reserve like treat like intellectual property rights a large problem in russia as you know but also in issues which are theoretically not the main part of the w t o like foreign investments. and just may jump in for a moment i was talking about intellectual property rights russia joining the w t o will have positive global economic effects but do you think the ordinary person in russia the average joe will actually feel any effects of this. could you could you

see it again i don't know i was just other than global economic effects and what you're forecasting is positive a positive global forecast for russia joining me every day normal person here in russia will feel the effects not today and not next year but in ten years every normal person in russia will feel the effect it will be a positive one. national political economic things. thank you very much. and without the light from moscow now internet users have been left shocked after videos of police brutality against student protests at the university of california have been most alive they clearly show that officers didn't hesitate to use that batons to beat the young activists before arresting them after they refused to dismantle that makeshift camp but we did manage to speak to one witness there here's what here's what he had to say police approached with full force with right here and the towns we normally goes to they use their

tongues for the jab was in the stomach and they were in this but there were times when people to the floor and then remember with their mates lips with their retirements as their on the floor. they were at their point across the line and then the rest in the people that were in to me and. they hit they had me on the arms on the torso in the stomach and they arrested more students and they the syrians we repeal you know that we were nonviolent peaceful protesters but they were extremely real in the attack with that with their sticks many people were injured i heard that one professor one presses that university was was protesting and she's in the hospital and it's a tradition we need to ration that's rising every year for us services. and we decided it was and take back our school and carrying out the momentum from the other i was meant to be that this would be a good time. defeated r.t.

underscore is the best way to stay fully up to date with the latest news from the protest site if you have a look right here your screen or you can follow our correspondents tweets for links to the most recent videos and find them and lucy kept an office twitter stream it's including the full video of the police brutality. this is r.t. now russia's state atomic company is considering building new power generating units for iran's who share nuclear plant to discuss the possible construction in detail we're now joined live by the corporation spokesperson so again. i thank you for coming on the program today so what exactly is planned and what stage is it out right now. well as music. preparation resulting reporter for the brains of the for the last year we doubled our portfolio all three traditional truths but as well we have commissioned at

least four broad one of them iraq so the first nuclear power plant obviously the country commission you know i mean so there. is increasing now there's about. five hundred megawatts of installed capacity and even next marcus it will go to the project global one thousand you go it's now we've certainly seen in recent days a lot of political wrangling and saber rattling in the west when it comes to attitude over iran i wonder if that could have something to do with perhaps influencing a final decision on whether or not to build a new generator units. well the first unit of the show nuclear power plant is a unique international project because lots of countries including western countries are involved in the limitation of this project as you probably know it was started thirty seven years ago and all the jobs which was

done by russian special use was done under the full control of a. forcible implementation of the possible construction of next units will be as well. implemented under the food international control orphanage nations watchdog experts for example as you see now on the side every building which has fissile material. see you where the. i.a.e.a. experience so if i if i may just jump in for a moment i have so much i don't sprout scientologist interesting new here but you know you mention the whole issue of transparency in the i.a.e.a. the latest report from the i.a.e.a. ultimately offers no definitive proof suggesting iran has any nuclear ambitions but when you consider the longstanding cooperation that russia and iran have in the nuclear field are there any established ways in which the sides can guarantee to

the i.a.e.a. the transparency of the work scientists and you say that the members of the international atomic energy agency now already monitoring what it seems the west is not convinced. well it is the willingness of european government to guarantee to international society full transparency of the sport but as we have experience for the last years we have created. a lot so for me you could use transparency inspector soft i.e. i are on the side and from our part we have great abyss meekin he's an author nuclear fuel supply you see there to be. to provide a new nuclear power plant to have nuclear fuel for the lifetime of the subject and then the fuel fresh. the spent fuel they are taken back so it means that their national society can be absolutely sure they're all the russian fissile material

will be controlled by russian federation sort of get another call first what's possible for russia as a state nuclear cooperation many thanks indeed thank you. and on our website r.t. dot com you can follow the latest developments all around iran's nuclear program the international nuclear watchdog has no direct proof tehran is trying to make weapons but it was enough for the u.s. and israel to sound the alarm at r.t. dot com you can find analysis and comments on the current situation including the reaction of iran's ambassador to the i.a.e.a. . would you stay with us here and now we invite you to the black sea coast as our close up series continues to explore the most amazing corners of russia. right now reaching is one of the most popular resorts for russians but it's hope

its appeal will soon stretch further afield with food at its heart a local producers are slowly taking steps towards putting the region's finest riches on the world's most exquisite table. talk to the pioneers of the industry and find out about the hurdles still to be overcome it treats from russia's coast but these luxury food producers are struggling to find a market this is the only muscle and least a farm in the area just off the black sea coast it's run by full rex scientists need to study the region's marine life back in the u.s.s.r. . that when you were 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 so we approached a company and arranged the million roubles for a start up it's a risky business with a storm capable of grueling a year's work 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 nozzles than oysters are currently very popular in russia in fact the efforts of these guys are unique here about hoping to grow markets without underwater bounty but not the only ones ok for a place on the russian dinner table. but it's been 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 kids there 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 wine here. the karma to whether a good for great grain here but yanis is hesitant to try and make this into

a proper business it's corruption that's putting him off yes mark you're a little less like an artist painting a picture and i wanted a serious business i'd be too scared of corrupt officials taking it from me or good with a creative approach i'm not scared of the people in authority are the ones who should be kept from power they do not respect our citizens because ganesh 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 here but he still loves the region and hasn't given up hope of making it up to the north here there are some good great growing areas in russia this is a favorable area so if your thirties don't interfere we can promote our brand and prove 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 arty farty without a lot of water and exits with the latest crisis. banks faria it's right time to delve into the world of business and 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 boast the desire for an investment into the country take of mel from morgan stanley explains which western companies will rush to cash in first. i think it's going to be in business services it's going to be companies legal companies insurance banking but it's a sort of area that will benefit because they will feel more comfortable about entering the russian it's north like turning

a key starting it takes several years for the tariff cuts to come through it takes a while to change administrative practices arm so i think we're looking at three to five years before you have the full impact of the session but you can always to calculate it was a world bank study that people refer to a lot 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 and another one percent coming from increased in russian exports process or than gas sector which provides more than half of the country's revenues hopes to benefit from entering the w t o the country's biggest private all produce a look well explains how. we are consumers all for mechanical and machine building devices and we are big and some research by for example so we do believe that that's just

a w t o is likely to increase competition on our inputs so i think we've got which means that obviously any increase of competition if your suppliers. can be going to go for it why that's the choice. it's called for the reduces costs. a quick check on the markets oil is high on speculation europe's economy may weather the region's debt crisis brand is trading at one hundred twelve dollars per barrel while the lights which is hovering at ninety seven dollars per barrel. european stocks are higher as carmakers primes and insurance companies games its own stocks are up and from just straight aside prospects for a change of leadership in world. in most of the markets saw in the blood in the my six i call it high of one and a half a cent let's not have a look at some of the individual share moves on the mice that's close enough to the floods the sun was there upon because up more than one and a half percent the lender has the horses moving to fold increase the net profit for

the first ten months of the year but that sounds out brush accounting standards food retailer magnesia is one of the company's earnings have jumped almost eight percent in generally september. so for now you're up to date for more stories and analysis log on toll web site archie dot com slash business.

in canada and the us that it is legal for you to give a bubble bath on your baby that contains a known carcinogen something that causes cancer most of the sharing to the most but independent they are sponsored by things that it and most of the guys they don't claim the conflict of interest to be an average cancer drug prescription costs nearly one thousand six hundred dollars a month oh my god i'm a nobody with cancer from my father and therefore i protect fops because ninety to ninety five percent of cancers her people with health funding history of cancer the pharmaceutical industry spends about fourteen percent of their budget on research and development and about thirty one percent for marketing and ministration. in fact there are more pharmaceutical industry lobbyists in washington d.c. than members of congress.