shares in new delhi who took the maori babyhood three collections among the close of. maidens hotels in the lower part of the movie the radisson palace for the british pilots. signed sealed and still it says access into the world trade organization is finally agreed after eighteen years in the making. the italian economy trembles and groans under the weight of its debt silvio berlusconi's promised resignation leaves the markets fearful of a powerless success. and our russia close up series takes you to the shores of the black sea where local producers are struggling to temper taste buds of gourmet lovers all around the.

now seven pm on thursday here in moscow this is our team with me will receive russia has finally granted accession to the world trade organization after almost twenty years of thorny goshi actions a commission in geneva has finalized overall terms for the long awaited membership which should happen in december. 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 you can only imagine that it's full chockablock of painstakingly negotiated compromises which are taking place over that all that amount of time but in fact what the significance is is a question that the chief russian negotiator maksim 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 is true that russia first deployed 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 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 a 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 have come when they were negotiating the natural gas terrorists and also the terrorists for the agricultural sector in russia but he says that 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 bring their 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. i have access to cheaper prices for a whole range of goods but of course there are also disadvantages in this and my colleague 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 at the report 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 aloof order goods growth and domestic companies also broke with 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 enter international markets will face very little competition. and this is lost so much the largest plant in russia south producing harvested russia is what a book is food for months ahead and workers who conspire. but the hand of the company has a rather different move to that of the w t o cheerleaders. our oil and gas will be in demand even without entering the. well argued coach of. the group called chu will be among the hardest hit sectors but experts say the domestic automotive industry will be the one to undergo most of 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 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 as cherished this used to be a driving once of musk reach open the 1930's most successful years what if the fifty's and sixty's when hundreds of thousands of must reach cars flooded the soviet and foreign markets after the collapse of the soviet union but creature was in desperate need of money but the government could not afford to loss making copper and must reach was crossed out. the only way to avoid the collapse of yet another industrial giant it's ritzy is to use the transition period after joining the w chair wisely closely entry to the w.t. doesn't mean you instantly have to drop all 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 car making but at a certain point the state's industrial dependence 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 liver duction of customs tariffs and trade barriers to a more level playing field across international markets exceeding the great chill aren't t. . we are always eager to know your take on the story today we're asking you who will benefit the most. become a member of the world trade organization let's see how the numbers are stacking up right now at r.t. dot com by the majority think there will be no winners i still think is asian only adds to the big financial mess the world's already and around the fair to say that

membership is actually good for russia and its role in the global economy and finally here it's almost equal between those who believe that moscow's accession will play into the w t o's hands that russia will suffer because it won't be able to cope with the competition i do khosla but. russia's membership in the w t o will add to the country's credibility on the world stage so says a frank based oppressor of international political economy alexander lipman i was optimistic about russia's future and the global trade. first of all russia's accession of w t o is a very nice tool of restricting to register due to 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 changed by the extension of the w to that second benefit is the benefit of credibility it is well known that being part of an international organisation for a noun international organisation and strew russia's perception as a credible partner not only probably point of view of the topics which w g o does reserve like trade or like intellectual property rights and problems russia as you know but also in issues which she radically not the main part of the w t o like foreign investments that will be more news and opinion on this topic throughout the day right here plus our business team is also keeping a close eye on this story. for a business card he's bringing you the latest and we managed to talk to some of the experts and most of them agree that russia's membership in the w t o will open new markets for russian goods and it will also decide for an investment country. to him it is time to find out which with western companies will too can he.

right now ten minutes past the hour here in moscow the italian government is verging on panic silvio berlusconi's province to resign and left the country's debt interest rates are soaring through the roof situation is being exacerbated by fears that well it's going to success be able to bring the country's deeply fractured political factions together. with more. the scene this year is in crisis development on precedented race and its least being the latest country that has been sucked into the debt spiral from which there might be maybe ten to fifteen is boring holes that seven percent mark that it's an extremely dangerous territory now that's because most of that seven percent is the trigger point at which he saw countries such as ireland portugal increase cock to see an emergency from. those who say the point to which investors still looking at the countries

with a 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 coming found at about one point eight trillion here has to be a major problem now and that's the rule so you're going to be looking at whether the year is in has the resources to then lens is the in the eventuality that the other lenders know i'm aimin support is simply not in place a big fund and he just 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's. running he's not putting himself that he actually quite relieved by that that was very very right now in the country is 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. for the party right now

greece has 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 i thought was four days of hectic talks between the outgoing prime minister george and drove down the main opposition leaders on a new unity government the incoming crimea a staunch. there's no deal with the difficult task of organizing and. new government preventing a greek default with a dawning realisation in the e.u. that greece may already be too far gone max keiser and stacy herbert offered their own rather sensitive take on the situation at the taj report coming your way in about twenty minutes time here but for now a quick. here's a fifty euro brawl toilet currency all of your fifty euro toilet paper currency will be about as valuable as this toilet paper except this is all available nightly printed up in this beautiful display case that you can in your tell your kids all

about what happened in europe. now twelve minutes past the hour here in moscow internet users have been left shocked after videos of police brutality against student protests of the university of california i think most on line clearly show officers didn't hesitate to use their batons to beat the young activists before arresting them after they refused to dismantle their makeshift camp but we did speak to one witness here's what he had to say. police approached with full force right here and the towns we don't want to frighten our guests to use their tongues for the jab was in the stomach and everything is what they call tongs they're going people to the floor and remember their night sleeps with their returns as they're on the floor. they

were going to cross the line and the rest in the people that were into me. made it big here in the army arms on the doorstep of the sonic and the rest and more students and maybe the students. better nonviolent peaceful protesters but they were extremely real in those happy with that with their sticks many people were injured i heard one professor one of the faces that university was was protesting she's in the hospital or it's our school paid tuition we paid tuition that's rising every year for my services. and we decided it was time to take back our school and sure enough the momentum from the other i was. this would be a good time while our twitter feed had our t.v. underscore calm is the best way to stay for the up to date with the latest news from the protest site you can also follow our correspondents tweets for a link to the most recent videos or for example right here you can see lucy kind of fun off her twitter stream which also gives you all the links to the full videos of

police brutality. news coming to you live from moscow russia's state atomic company is considering building new power generating units for iran's nuclear plant this comes just after the i.e.e.e. eight latest report said it couldn't just prove iran is attempting to build atomic weapons and we spoke to the corporations are spokesperson sort of not a coffin was said that if a project does go ahead it will be on a full display for the i.a.e.a. to observe. the first show nuclear power plant is a unique informational project because lots of countries including western countries are involved in the limitation of this borders and all the jobs which was done by russian special use was done under the food control i saw. the forcible implementation of the possible construction off next units will be as well

implemented under the food international control off united nations watchdog expres it will be absolutely transparent for international society but we have created this mechanism off uclear fuel supply where you see their theory just to provide a new nuclear power plant to have nuclear fuel for all the lifetime of the subject and then the fuel freshened or if she spent fuel we are taken back so it means that their international society can be absolutely sure they're all the russian fissile materials will be controlled by the russian federation. on our website r.t. dot com you can follow the latest developments around iran's nuclear program the international nuclear watchdog has no direct proof of toronto's trying to make weapons but it was enough for the u.s. and israel for sound the alarm at r.t. dot com you can find analysis some comments on the current situation including the reaction of iran's ambassador to the i meet.

a quarter past the hour here in moscow a russian space scientists are struggling to get the country's first interplanetary mission in fifteen years back on track they can try to reestablish a connection with the probe which was launched on wednesday it was due to head to the biggest martian moon but a focus for technical problems meant it became stuck in orbit has put a lot of us details. at the moment the theories around which probably what problem is cause the probe to be stuck in a round the earth after it's takeoff split into two camps whether it's a problem with the software of a pro or a problem with the hardware of the probe now it's a problem with the software that's something that potentially can be fixed now one theory that's been put forward is that it's a problem with the navigation system of the probe these type of probes when they're launched initially use the sun as their main focus point for navigation and then that navigation system switches over towards the stars now that some people believe

that this probe has failed in switching from the sun to the stars and if they can send a software patch and upload that patch to the pro they should be able to go about it in vision just a few days late now the big problems come and arise if it turns out to be a problem with the hardware the focus probe contains seven tons of highly toxic fuel of course this fear was intended on sending it from earth to the moon or mars and then back to earth so there's a lot of a fuel onboard there one nasa expert has referred to the phobias probe as the most toxic falling satellite ever so this is a problem that last cause most of the russian space agency are facing that they may have to come up with some kind of contingency plan to deal with a potentially toxic. problem caused by the fuel that's on board this probe. right there now let's get to some other international headlines for you this hour

time for the world update the rescuers have been working non stop in eastern turkey following a five point seven magnitude earthquake that struck the same region which was hit just two and a hearty weeks ago by another last i was killed more than six hundred this latest disaster already claimed at least eight lives and left dozens trapped under the rubble of twenty five buildings that collapsed one of the structures brought down with it was a hotel being used by aid workers and journalists covering the aftermath of october's tragedy. in seoul police used water cannons in an attempt to break up a demonstration thousands took to the streets to 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 ratified the agreement just last month and ruling party plans to push the deal through parliament next week i despite stiff resistance from the opposition. despite the u.n.

saying more needs to be done to protect civilians in syria activists are claiming another ten people have been killed in a police crackdown against demonstrators it's also comes after an agreement between president assad and the arab league to end the bloodshed let's get an opinion from inside the country. not the fault of the deputy foreign minister. the futility of some international non-governmental organizations have been lost because they don't take into consideration that's really who one of these organizations has said that syria has lost one thousand one hundred fifty multi-use from the army and this is what it depicts. do you think this is the correct approach absolutely. yes many civilians will. killed assess a native. 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 its civil war particularly when you correctly define those forces i'll tell you what religious extremists say leftists drug traffickers and smugglers they have beautiful of way to do with how to do a technology of communication. by the will north forces from outside syria millions of those were smuggled into syria to encourage people to disturb the peace in the country. already with r.t. in just a few minutes its new leader with the prisoners but for now we invite you to the black sea coast as our close up series continues to explore the most amazing corners of russia.

and right now and this region you can see right here 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 richard on the world's most exquisite tables artist come back and talk to the pioneers of the industry and find out about the hurdles still to be overcome. treats from russia's coast but these luxury food producers are struggling to find a market this is the only muslim family 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 she was thrown out that way when the country collapsed science collapsed we were fired from our jobs in america research center. 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 grueling a year's work quickly 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 not salzman 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 for a place on russian dinner table. but this has 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 that we need three years to establish the vine in five years for a good product in

a few years and i hope we can produce great russian wine here. the climate and weather a good for great britain here but vanishes hesitant to try and make this into a proper business it's corruption that's putting him off yes my friend or i look at a list like an artist painting a picture 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 are not scared of the people in authority are the ones who should be kept from power they do not respect our citizens because the honest 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 or north of here there are some good great growing areas in russia this is a favorable area so if your thirty's 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 hearty try let's get our hourly business update here on our team with your. phone story and a very warm welcome to the business program russia's long awaited for accession to the world trade organization is nearly over barring a few technical issues that still need ironing out the world's largest economy outside the w.t.r. will finally be in the w. tail but what will this change charges michael chandler has the details. after almost two decades of trying many wonder if russia really needs the w t o you

could even say it's manage quite well without it realistically though it will have many benefits for foreign manufacturers wanted to sell their goods in russia let's have a quick look now on average import tariffs will be at seven point eight percent as compared with the current ten percent great value down and you'll see an import judean agricultural goods drop from thirteen point two percent to ten point eight percent now import terrorists are already manufactured goods will also drop by almost a quarter to seven point three percent now about a third of all judy's will be reduced the moment russia answers the double geo another quarter of the cuts will come within three years with only poultry motorcars helicopters and civil aircraft requiring longer this means it will be easier and cheaper for foreign companies and goods to enter russia's one hundred forty million strong consumer market in addition to terror of cuts russia also

agreed to remove limitations on foreign involvement in industries like telecommunications and insurance but most importantly accession to the double cio will ultimately give russia the much needed competition boost which could finally put an end to runaway inflation charges michael christian and russia's chief w.t. only go shared haven't seen it yet because it's what is the most difficult points in an eight year long marathon. difficult conditions only should be and only culture is remembered to agree on a commitment we should do to bring in our current system in line with international presence it was through force. computers as soon as the traditions of. their different circumventing the military and will not change your current regulations in respect to pricing pushing goods in russia anything to consume your car sure

isn't this great the world really needs to we do need you to spend more money to support our from most of the. larger mission period in five years and five years from your good work early and you will support which we knew was true complete musician forward which is certainly. a quick check on the markets well it's high on speculation that europe's economy may weather the region's debt crisis grant is trading at one hundred twelve dollars a barrel while the light switch is that's under ninety seven dollars a barrel. european stocks are higher as common because science and insurance companies deigned to tell us side in the front just write us on prospects for a change of leadership in rome. and finally here in most of the markets finished as day session in the black they are just a mite so supposedly gave them one percent here's a look at some of the individual shovels in the white straw snapped game point four percent of the cost spare pump was up more than one and

a half percent the lender has reported to more than two fold increase in net profit for the first ten months of the year the cuts on the russian accounting standards silver to magnets was lower the company's carney's have jumped almost eight percent in general september and it's under has been for much of four wraps up today strange. i would describe it as a limit which you would see something like this the market is growing in bits on the on the back of us. yes that was for them some positive trends on the world cross and us future or similar as usually happens for recently on the storm or one small. everybody is still trick and it's all in story you want to make story from a. scholarly depends on what you'll be doing useful from probably usually in your book on officials that's just for now your up to date for more stories on to dallas is more controlled website archie dot com slash business.

wealthy british style think it's best not to see what's right with my. heart. market why not. come.