years of thorny negotiations a commission in geneva has finalized overall terms for the long awaited membership which should now happen in december artie's laura smith's. 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 i 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 deployed 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'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 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 tariffs 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 your 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 her report for the person on the street w t o 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 drop and domestic companies also broke quicker with foreign markets opening up. for workers of these much allergic to company you know looks like a win win situation their most recent project is the north stream pipeline should

ensure international markets will face very little competition. and this is ross saying much the largest wanted russia south producing harvest of russia it's cool to bukas food for months ahead and workers who conspire. but the hand of the company has a rather different outlook to that of the w t o cheerleaders were oil and gas will be in demand even without entering the well agricultural tumble middle of. agriculture 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 my promise to putin with more than one billion dollars in loans cash and guarantees. that the government's favored child

but not all car makers in russia are as cherished this used to be a thriving want a musket each opened a ninety. thirty its most successful years what the fifty's and sixty's when hundreds of thousands of my screech chorus flooded the soviet and foreign markets after the collapse of the soviet union my screech was in desperate need of money but the government could not afford to loss making copper juices and musk reach was crossed 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 two wisely firstly entry to the w.t. doesn't mean you instantly have to drop all customs tires and comply straight away there's a transit so-called transition period roughly seven years or so protectionist measures will apply for a number of sensitive industries which employ millions of people such as

agriculture timber and come making but at a certain point the state's industrial dependence will have to let go of its hand and walk on their own two feet in the world outside it but 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 grouch of a r t. we are always eager to know your take on the story today we're asking you. to become a member of the world trade organization let's see how the numbers are stacking up right now. the majority think. the organization only adds to the big financial mess the world's already been around the. membership good for russia and its role in the global economy and finally here it's almost equal between those who believe that. russia will suffer because it won't be able to cope with the competition.

or russia's membership in the will add to the country's credibility on the world stage so says a professor of international political economy lipman optimistic about russia's future in the global trade. 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 this interest groups could could could could be tamed by the exception of the w two the second benefit is the benefit of credibility it is well known that being part of an international organization of renowned international organization. russia's perception as

a credible partner not only probably point of view of the topics which w t o does a reserve like trade or like intellectual property rights a large problem is russia as you know but also in issues which theoretically not the main part of the w t o like foreign investments and they'll be more news and opinion on this topic and throughout the day right here on r.t. plus our business team is also keeping a close eye on this story. for a visit he's bringing you the latest and we managed to talk to some of that's best 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 boost the decide for him best went into the country will be joining us about fifteen minutes time to find out which with western companies will first to cash in. right now ten minutes past the hour here in moscow the italian government is verging on panic after premier silvio berlusconi's province to resign it left the country's debt interest rates are

soaring through the roof the situation is being exacerbated by fears that but it's going to success to be able to bring the country's deeply fractured political factions together of course one of those in rome with more. we seen this year raising prices develop an unprecedented rate and it's least being the latest country that has been sucked into the spiral from which that might be. seen is boring post that says in the sun. it's an extremely dangerous territory now that's because the market that seven percent is the trigger point at which we saw countries such as ireland portugal in greece come 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 a big. think that perhaps there is a possibility that the country going to be able to pay what it would be disastrous for a country with a big. company found that about one point eight trillion here has to be

a major problem and this is the rule so you're going to be looking at whether the euro is and has the resources to then lend says the in the eventuality that of the other lenders to open up the name and that support is simply not in place a big fund the usa needs wanted to have isn't ready because 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 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. for the reporting 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 bottled country that follows four days of hectic talks between the outgoing prime minister

george pop and drove on the main opposition leaders on a new unity government the incoming premier a staunch e.u. must now deal with the difficult tasks of organizing and. you government and preventing a greek default with a dawning realisation in the e.u. that greece may already be too far gone. and stacy herbert off with their own rather censored take on the situation because reports coming your way in about twenty minutes time here for now appreciate. there's 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 twelve 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 have been most on line they 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 tons we didn't want to try to nor i guess through they use their tongues for the jab was in the stomach and everything else but there were times when people to the floor and then remember there were nights weeks when there were times as they were on the floor. they were they were going to cross the line and the rest in the people that were into me and. they hit they hit me really 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 we pay tuition we pay tuition that's rising every year for the last service is class size. and we decided it was time to take back our school and carrying out the momentum from the other our supply movements we thought this would be a good time while our twitter feed at our tea under school called me 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 for example right here you can see lucy kind of fun off her twitter stream which also gives you all the link to the full video of the police brutality. is 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 latest report said it couldn't disprove iran is attempting to build atomic weapons we spoke to the corporations are spokesperson sort of good enough a cough who said that if the 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 international project because lots of countries including western countries are involved in to live in peace in all this projects and all the job 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 full international control off united nations watchdog expres it will be absolutely transparent for international society we have great of this mechanism nuclear fuel supply you say that we are ready to provide

a new nuclear plant to have nuclear fuel for all the lifetime of the subject and then the fuel for. the spent fuel we are taking it means so that the national society can be absolutely sure that all the russian. will be controlled by russian federation. on our website r.t. dot com you can i follow the latest developments around iran's nuclear program the international nuclear watchdog has no direct proof of the to iran 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. quarter past the hour here in moscow russian space scientists are struggling to get the country's first interplanetary mission in fifteen years back on track they've been trying to reestablish a connection with the probe which was launched on wednesday it was due to head to

the biggest martian moon that a phobos technical problems meant it became stuck in orbit. details. at the moment the theories around which probably what problems caused the probe to be stuck in all that around the earth after its takeoff split into two camps whether it's a problem with the software of the probe 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 used the sun as their main focus point for navigation and then navigation system switches over towards the stars now they 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 to me you probably should be able to go about its mission just a few days later 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 feel was intended on sending it from the earth to the moon or mars and then back to earth so there's a lot of a fuel on board there one nasa expert is referred to the focus probe as the most toxic falling satellite ever so this is a problem that lost 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. reporting right there now let's get to some other international headlines for you this hour time for the world update. rescuers have been working non stop in eastern turkey following a five point seven magnitude earthquake struck the same region which was hit just two and a half weeks ago by another lost which 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 what was a hotel being used by aid workers and journalists covering the aftermath of topas tragedy. in seoul police used water cannons in an attempt to break up a demonstration the thousands took to the streets to the 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 korean ruling party plans to push the deal through parliament next week 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 this also comes after an agreement between president assad and the arab league to end the bloodshed to get an opinion from

inside the country. told to the deputy foreign minister. because ability of some international norm governmental organizations have been lost because they don't take into consideration what's really know who won over these organizations has said that syria has lost one thousand one hundred fifty multi-use from the army and this is due to critics. who think this is cooked approach absolutely not. yes. many civilians will. killed assess in ated but people have to ask the question who killed them and why they were killed and those who are provoking these developments want syria to go through a civil war particularly when you correctly define those forces i'll tell you.

that religious extremists sell if it's drug traffickers and smugglers they have been a provided with up to date 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. all right here with r.t. in just a few minutes it's yulia with the business 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 in 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 richards on the world's most exquisite tables artist tom batten talked of 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 muscle and least a farm in the area just off the black sea coast it's run by full rex scientists 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 muscles and oysters so we approached a company and arrange for a million roubles for a start up it's a risky business with a storm capable of ruining 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 the hoping to grow markets without underwater bounty are 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 kids but 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 you the karma to whether 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

a little less 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 but with a creative approach i'm not scared the people in authority are the ones who should be kept from power they do not respect our citizens like you can. 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 it up to the north years to there are some good great growing areas in russia this is a favorable area so if the with ortiz don't interfere we can promote our brand improve 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 i let's get our hourly business our bet here on our t.v. 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 a will finally be in the w. tail but what will this change charges michael chang to has the details. after almost two decades of trying many wonder if russia really needs a w t o you could even say it's managed quite well without it realistically though it will have many benefits for foreign manufacturers wanting to sell their goods in russia let's have a quick look now on average import tariffs will be at seven point eight percent

that's compared with the current ten percent break that down and you'll see an import duty on agricultural goods dropped from thirteen point two percent to ten point eight percent now import tariffs for already many fractured 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 and says the double geo another quarter of the cuts will come within three years with only poultry motor cars 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 fourteen million strong consumer market in addition to tear of cuts russia's also agree its removal 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. michael kors chunk of their russia's chief w.t.f. only go sheet of explains the most difficult points in an a.t.v. year long marathon. most difficult negotiations on neutral. and on agriculture only beers be referred to agree on the commitment which we didn't really know are going to ludwig international question it was a poster it was sure incomplete is assume negotiations. there are different circle mckinley's been agreed on will not change the current regulations in respect to apprise you can push to get some russian troops you know you can show your research you want me to read should we do be able to spend more money to support you know from us an agreement a large solution putin five years and five years will go to occur in clean up

support which we knew was to complete musician code which is certainly. a quick check on the markets oil is high on speculation that europe's economy may weather the region's debt crisis brand is trading at one hundred twelve dollars a barrel while the light switch is that under ninety seven dollars a barrel. european stocks are higher as common because banks and insurance companies gamed the talents in the front as trade us on the prospects for a change of leadership in rome. and finally here in moscow the markets finished as day session in the black they are chest and my sides both of the games moving one percent here's a look at some of the individual shambles in the white suits well so they have to gain point four percent of the close her bond will stop more than one and a half percent and lend has reported to more than two fold increase and that for the first ten months old you have thoughts on the russian accounting standards soldier to magni it was lower the company's earnings have jumped almost eight percent and generous attempt at its under was going for much of four wraps up today

strange. i would describe it as a limit is it to do something like this the market is. growing in bits on the back of. to get to those four and on some positive trends in the oil price in the u.s. futures and as usual it happens recently on the story more than small never bodies still trick and they're telling stories more than story from the. sky lit up by amazon but what will be the news for from probably easily in your account officials . that's it from all your up to date.

wealthy british scientists and it's time to. find. markets. come to. find out what's really happening to the global economy with mike stronger for a no holds barred look at the global financial headlines tune in to a report. headlined good things

come to those who wait after nearly two decades of. russia finally gets the green light to join the global trade system. the italian economy trembles and groans under the weight of debt silvio berlusconi's promised resignation leaves markets fearful of a powerless successor. to the i.a.e.a. 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 iran. my colleague bill daughters here in half an hour's time that will be directly after the kaiser report. well good. science technology innovation all the latest developments from around russia we've got the future covered.