to the world trade organization after almost twenty years of thorny negotiations a commission in geneva has finalized overall terms for the long awaited membership which will happen in december laura smith now joining us live from geneva let's get more details from her good to see you laura so joining the dots 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 the 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 one 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 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 off 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 thousand nine hundred 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's 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 a level playing field in terms of doing business it was still very important he talked also about the ups and downs of the negotiation process the draw the 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 that 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 tariffs between three and four years they will have to be. there tariffs in line with the rest of the world trade organization and the organization itself says that now 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 the pros and cons of membership for russia of the world's largest trading organization let's take a look at her report. the person on the street w. taylor 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 and domestic companies also grow quicker with foreign markets opening up. for workers of this much allergic will company it only looks like a win win situation their most recent project is the north stream pipeline should then her international markets will face very little competition. and this is raw so much blog just wanting russia south producing harvested russia is disproved for months ahead and workers who conspire. but the head of the company has a rather different outlook to that of the w t o cheerleaders. gas will be in demand even without entering the well agricultural tumble middle of. a group called chu will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most upheaval.

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. about the government's favored 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 muscovy each chorus flooded the soviet and foreign markets after the collapse of the soviet union creature was in desperate need of money but the government could not afford to loss making copper juices and must creature. crossed out. the only way to avoid the collapse of yet and now the industrial giant experts say is to use the transition period after joining the w a

y z firstly entry to the w.t. doesn't mean you instantly have to drop all customs tires and comply straight away transit so-called transition period roughly seventy years or so protectionist measures will apply for a number of sensitive industries which employ millions of people such as every culture timber and come making but at a certain point the state's industrial dependence will have to let go of its hands and work on their own two feet in the world outside but that should also be a somewhat easier place to do business with a reduction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the grouchy over our t.v. . and we are always eager to know what your take on the stories we're covering here are to you today are we're asking who will benefit most. of the world trade organization let's say other than the sucking up here are the majority think there

will be no winners in the organization only adds to the big financial mess the world's already around say the w t o membership is actually good for russia. its role in the global economy finally here it's almost equal between those who believe moscow's accession will play into the w t o's and the russia will actually suffer because it will be unable to cope with the competition i do take a moment to cost over. dot com. coming to you live from moscow with more news and opinion on that topic throughout the day here we're talking about russia and its accession to the w t o published his team as well is keeping a close eye on the story. and story of the business he was following closely the story we managed to speak to some of the actors and most of them agree that russia's membership in the w t o will open new markets for russian goods it will also. to be designed for the investment into the country in the student about fifteen minutes time to find out more on this. right now i've been as past the hour

here in moscow where the italian government is voting on. silvio berlusconi has promised to resign has left the country's debt interest rates soaring through the roof the situation is being exacerbated by fears to success so i won't be able to bring the country's deeply political factions together. in a room with more on the latest crisis. that we see in this year raising prices developed an unprecedented rate and its least being country that has been sucked into the debt spiral from which then might be. seen is boring holes. in the sun. it's an extremely dangerous territory now that's because most of that seven percent is the trigger point at which he saw his island will increase to see an emergency but. there's also the point at which investors start looking at the countries with a big. thing 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 the investors who are you going to be looking at whether the usa now has the resources to bend in the eventuality. of the main. 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. is not putting himself that he actually felt quite relieved by that that was very very right now in the country is how and when they need. it is going to be is going to provide a quick fix to the financial problems in the country to sarah furthur poured in

from rome right there with 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 embattled country it follows up four days of hectic talks between the outgoing prime minister george papandreou and the main opposition leader on a new unity government the incoming premier a staunch e.u. backer must now deal with the difficult tasks of organizing a new government and preventing a greek default but with a dawning realisation in the e.u. that greece may have already gone too far but later on artie's at max kaiser and stacy her but offer their own uncensored take on the situation we're playing the kaiser report all day here on out. here the 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 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. all right you without a life from moscow to 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 taste of the pressure of 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 membership the majority say no one's going to benefit but how would you aunt's about question. well there's 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 participant but in the long run it's a win win scenario so the majority will clearly benefit from the russia's accession to w t o both in russia and of course world why the benefits will be rather on russian side from my point of view now nearly two decades is taken here for russia

to try and get its membership why so long. that's a good question actually and i guess i'm not it 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 all the 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. on the other hand the effort was it some years really significant but an obvious it was going down and that also delayed the russian succession to w.t. you but i would say 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 it's finally over so you don't really sure if it's actually going to work it certainly seems like a partnership between straka lor and a few moments ago from geneva said that both sides of the negotiations are unhappy

with the result but that probably means that it was a fair decision at the end of the day but you said a moment ago that the global global economies will benefit now the rusher is poised to join the w t o but how is russia's economy going to change once it fully integrate into the system. well there basically three things which will happen to russia and three positive things i think one of them may be observed relatively short term although relatively means here relatively and sure more long term first of all russia's accession to w t o 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 in any way so it's nice that now these interests this interest groups could critical could be tamed by the accession to the w t o the 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 prove their point of view of the topics which w t o does a reserve like trade or like intellectual property rights a large problems russia as you know but also in issues which are few radically not the main part of the w t o like foreign investments. so if i'm sure if i would just may jump in for a moment i understand you 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 other than global economic effects and what you're forecasting as positive a positive global forecast for russia joining the w t o you think the everyday normal person here in russia will feel the effects. not today and not next year

but in ten years every day normal person in russia will feel the effect it will be a positive one all right said dr alexander. professor of international political economics many thanks. 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 the most on line they clearly showed that officers didn't hesitate to use that buttons to beat the young activists before arresting them after they refused to dismantle that makeshift camp we did manage to speak to one witness there he's here's what he had to say police approached with full force with right here and baton and we don't want to root for it nor i guess through the use of their tongues to jab was in the stomach and everything else but there were tongs there going people to the floor and then having them with their nightsticks with their returns as they were on the floor.

they were they were going to cross the line and then the rest in the 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 eat the students repeatedly you know that you're nonviolent peaceful protesters but they were extremely real in their attack with that with their sticks many people were injured i heard that one professor one of the fences that university was was protesting and she's in the hospital it's our school pay tuition we pay tuition that's rising every year for less service is class size. and we decided it was time to take back our school and carrying out the momentum from the other occupy movements we thought this would be a good time. now twitter feed 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 you know you can follow our correspondents tweets for links to the most recent videos find them and. 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 nuclear plant to discuss the possible construction in detail when i was joined live by the corp spokesperson sort of. i thank you for coming on the program today so what exactly is planned and what stage is it at right now. well as mr. corporation reported both of brains of the day for the last year we doubled our portfolio or three traditional. commission at least four or broad one of them either your on so the first. piece of the country. i mean so there. is increasing.

five hundred megawatts of installed by sea and next month it will go to the project global one thousand megawatts that we've certainly seen in recent days a lot of political wrangling and saber rattling in the west when it comes to attitudes over iran i wonder if that could have something to do with perhaps influencing the final decision on whether or not to build the new generator units. well the first show nuclear plant is a unique international project because a lot of countries including the us and countries involved in. this project as you probably know it was start the thirty seven. years ago and all the job which was done by russian special use was done under the full control of a. possible implementation of the possible construction of next units

will be as well. implemented under the full international control nations watchdog experts for example. as you see now on the side every building which has fissile material ease. with. i.a.e.a. experience so if i if i may just jump in for a moment i absolutely don't sprout fire interrupting you 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 that suggests iran has any nuclear ambitions but when you consider the longstanding cooperation that russia and iran have in the nuclear field all there any established ways in which the sides can guarantee to the i.a.e.a. the transparency of the works i understand you say that the members of the international atomic energy agency are already monitoring but it seems the west is not convinced. well it is the willingness of government to government

to do international society full transparency of the sport but as we have experienced for last years we have great the. lots of american use transparency inspector soft i.e. i are on the side and from our part we have great the can use a nuclear fuel supply you say that we are ready to provide a new nuclear power plant to be a nuclear fuel for all the lifetime of the soldier and then the fuel of russian origin spent fuel we are taken back so it means so that the national society can be absolutely sure that all the rush. will be controlled by a russian federation. spokesperson for russia's 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 is trying to make weapons but it was enough for the u.s. and israel to sound the alarm. you can find analysis and comments on the current situation including the reaction of iran's ambassador to the i.a.e.a. . do 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 this region is one of the most popular resorts for russians but it's hoped 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 tables. talk to the pioneers of the industry

and find out about the hurdles still to be overcome. nick gourmet 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 forex scientists need to study the region's marine life back in the u.s.s.r. . that point you were thrown out that way when the country collapsed science collapsed we were fired from our jobs in america research center but we were good at growing mussels and oysters so we approached a company and arrange for a million rubles for a start up it's a risky business with a storm capable of grueling a year's work with animals 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 in oysters

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 russian dinner tables. but this vinnie arden 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 if we need three years to establish the vine then five years for a good product in a few years i hope we can produce great russian wines with your. the climate and weather a good for great grain here but yes is hesitant to try and make this into a proper business it's corruption that's putting him off yes martin or i look at all this 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 that people are not 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 here but he still loves the region and hasn't given up hope of making productive or must years to there are some good great growing areas in russia this is a favorable area so if the wealth ortiz don't interfere we can promote our brand and prove ours is as good as any french wine but. at the moment you have to look carefully to find local wine and muscle 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 are you without a life from moscow and exits with the latest business news. thanks

faria it's right time to delve into the world of business and as we have 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 desired forgan vestment into the country take a belt 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 some sort of area that will benefit because they will feel more comfortable about entering the russian market it's nor like turning a key here in china starting it takes several years for the tariff cuts to come through it takes a while to change administrative practice is so i think we're looking at three to five years before you have the full impact of the accession but you columnists have

calculated there is a world bank study that people refer to a lot that will out 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 or explains how. we are consumers of mechanical and machine building devices and we are big consumers of fiber for example so we do believe that texas today is likely to increase competition on our inputs side which means obviously any increase of competition of your suppliers. can be going to be a good thing it widens the choice. it hopefully 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 car makers and insurance companies game to tell in stocks on and from to strangers i prospects for a change of leadership in the world. and hid in most of the market saw in the blood in the mice except both heil one and a half percent let's have a look at some of the individual share moves on the my six. flags. because up more than one and a half percent the one to has because it's more than two fold increase in net profit for the first ten months of the here but that sound of russian accounting standards board retirement age is lower the company's earnings have jumped almost eight percent in january september. that's it for now you are up to date for more

stories and analysis log on toll web site archie dot com slash business. in canada and the u.s. that it is legal for you to use a bubble bath on your baby that contains a known carcinogen something that causes cancer most of the most independent sponsored by the industry and most of the. it's

a conflict of interest today an average cancer drug prescription costs nearly one thousand six hundred dollars a month oh my god i'm a nobody with cancer in my five therefore i protect folks because ninety to ninety five percent of cancers hurt people with a family 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 administration. in fact there are more pharmaceutical industry lobbyists in washington d.c. than members of congress. years of hard to set. tradeoffs russia is ready to jane in the global market place. some downsides of flushes w t o r sessions forty.

six thirty pm here in the russian capital with god save the headlines for you know good things come to 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 that silvio berlusconi's promise resignation. leaves markets fearful of a powerless successor. the latest report on iran's alleged nuclear weapons program stirs up tension all over the country splitting the world community over whether to build up pressure on term. human rights chief says that syria is very close to becoming like libya uprising against a longstanding leader turn into a blue.