oh this is r.t. with twenty four hours a day so russia has been finally granted access 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 artie's laura smith was there. 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 after the gathering of the documents as they

call it here he said that it is 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 is now the sixth largest in the world he said that despite that we russia now does ninety percent of its trade with members 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 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 i know through the world bank says that in the in the medium term russia's economy will grow by three percent in the long term by eleven percent says i say that process will really begin formally in december when the ministers meet and give their final approval to those documents more smith reporting there and to talk more on the implications of russia's entry to the w t o i'm joined live now by the organizations director general pascal lamy well russia is among the world's top economies as we just heard there in fact the sixth largest in the world so why has it taken this long for it to be invited into your club.

world trade negotiations. often take quite a long time. because. the result of a trade negotiation we're choosing more market opening which is. better living playing field has an impact all the domestic economy can social lives that some like it others do not like it those we benefit from that of course like it then those who will suffer from trade opening up and let's be frank even if it si positive some game the overall psalm of gains and losses is applause salma will have to adjust and this understandably creates some resistance at home all right you say those there are those who will suffer those who will benefit what about the russian people in what way will they benefit perhaps.

well i think it's it's it's good news for russia is good news for russian trade partners and it's good news for the world trade organization it's funny how we russia benefit. first russia will be able to diversify you're going to be more quickly. the russia's insertion in international trade as we know for the moment he's not really diversified what russia exports to the rest of the world is mostly energy or energy related products so through these penetration of international markets by russian exports the russian economy will be able to do us a fine russia gets an insurance policy against protectionism a which is what binds you to your members together russia gets a quality labor for foreign direct investment the experience proved and we've had

that recent texas chance i mean china of course but also vietnam. that. froze increased rather rapidly because of the conviction not by international investors that the russian economy is now wrong through normal market is going to be predictable stable root. well just talking about the russian economy and its image very much tarnished of course about those claims that it's a very difficult investment climate for foreign business miss businesses bearing in mind the accusations of corruption and bureaucracy what really makes you think that that climate could change so quickly in favor for foreign investment. well what what leads me in the direction is again experience with previous accessions know

that joining w cio creates a hundred percent guarantee for business that the rule of law all that no corruption will be there i mean our discipline in the our rule and the world trade organization is a rules based system do not cover each and every part of business or trade life the main pillars of. what can be called a transparent jew process legally by a system of their all the countries in these agreements russia to move it so that each joins the level of safety security transparency which markets are going to be status have joined when. they got into the world trade organization a little earlier you talked about those who could suffer from this agreement you painted a very positive picture in the way that the russian people and indeed russian

business could benefit from this and will indeed benefit but there are all those who say this really could mark the death sentence for domestic manufacturers the agricultural sector here in russia banks and car production will now face unprecedented competition what do you say to that. well i mean it's it's a fair question and it needs to be uncertain first and foremost by russian authorities but let me take your example whose agriculture ease as a result of this accession. russian agriculture totally open to world trade no russian keeps protections you know we've got. no work ball it keeps protection it keeps the capacity which he's kept to subsidize culture it keeps for a certain period investment regimes which by the way by today

the rules of the whole are not compliant and some of these traditions go until twenty eighteen twenty twenty so of course the russian negotiators have not sort of opened the russian economy big bang to world trade there are transitions and russia keeps the race keeps whether it's in manufactures when every culture keeps on capacities to load on eyes its economy we talk about we have some might say a hidden agenda behind this disagreement is an old saying of course that business and politics should never makes but there are all those who say this is exactly what's happening here that the is now becoming more about politics than economy how would you answer that charge. well i mean i think that if that was right. it probably wouldn't have taken eighteen years for russia to join the

organization the reason why it took so long it is because there was a lot of technique complex adjustments to make on the russian side take one example which is a sanitary and phyto side interest undertones that russia had to revamp totally eat system of sanitary and five percent interest and control practices all this takes a long time w t o is an organization which counties join when they are ready to join when they have. adjusted their own trade and investment intellectual property regulations to that standard plus of course paid and to take it in further bearing their economy and i have no doubt that russia in the future oh no china and i get them to take again

a recent example we keep moving in this direction we have had no case so far of countries having made an effort to join the world trade organization and then stepping back. we are a system where countries bind their obligations and once they are bound then if you don't comply with the commitment you do then we have a dispute and system which educates these beauts and where countries are obliged to comply with these determinations what so exactly strong base system is this to ask because we heard in that report and you've said that there have been areas of disagreement do you think there are some issues that could come back and haunt both sides a little later on and we would perhaps have to see those type procedures being enforced well it's sort of question of abiding by the rules of a country has subscribed. the name of the game is when you join the organization

you commit to comply to the rules are there going to the ocean if there is a problem if one member of the organization believe another member of the organization does not comply by use of a geisha then we have a disputes with them and system which we'd lead your lead with lol with the judicial process i drew the gate who's right and who's wrong and for some countries this represents a step forward into a rules based domestic legal system just one final question the global economy is intact as well throughout much of the world now can russia really play a major role now and help improve the situation now it will be joining. just briefly. i think frank answer to a question is short term no you're right the world economy is not in good shape but

one of the ways to exit. this situation which i recognize a and we discussed that the last week in the g twenty in cannes he's not good one of the ways to move out of this crisis is to open more trade fight against protectionism and the fact that russia joins with this very moment is also a symbol of the value of these true system of rules and in that it had its economy growing including. which are difficult like the ones we are in in the world economy director general of the pascal lamy thank you very much indeed for your time we appreciate you joining us here live on r.t. thank you my pleasure. well we're always eager to know your take your view on the story on this development with the w t o and today we're asking who will benefit most now that russia is to become a member of the world trade organization areas that i've just been discussing there

in our live interview let's see how the numbers are stacking up at the moment on screen the majority still think they'll be no winners as the organization only adds to the big financial mess the world already in. w t a membership is actually good for russia as little boost its role in the global economy with the same amount believe that moscow's accession will play into the hands while the remainder think that russia will suffer because it will be unable to cope with the competition cost of votes at r.t. dot com we could hear from. greece's announces 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 four days of hectic talks between the outgoing pm george papandreou and the main opposition leaders on a new unity government incoming premier a staunch e.u. back on his new administration and are said to be sworn in on friday with the immediate tricky task of introducing more austerity in return for continued e.u. political analyst peter believes that much of what the crisis is about is hidden from public view. we have to turn the clock back to the original collapse of the

world economy because this was no accident it was a very well planned exercise and as we know ireland became a victim portugal and now greece and apparently spain and italy are likely to follow it really doesn't matter who's in power there are people that are controlling this situation and we also have to understand that there's massive. could we say massive corruption fraud taking place and tax evasion in most countries that are actually creating this problems remember that they can take out any country financially or militarily that they want to take out their priorities are one to secure. the world's natural resources the second one is to control the markets for those resources and thirdly to control the gateways the sea lanes and

the pipeline routes when you have control of this you basically have got the the world in the palm of your hand it controls the finances of the world controls the world and this is what we're looking at here. but with the boarding realisation in the you that greece may already be too far gone artie's max keiser and stacy herbert offer their view uncensored view of the situation and because a report is coming away in the next hour but in the meantime here's a brief preview for you. here's a 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 nicely printed up in this beautiful display case that you can show in your house and tell your kids all about what happened in europe. israel may be preparing to strike iran as early as the end of december that's the warning reportedly voiced by some of the british intelligence services this comes

after the. latest report ramped up tension over iran's nuclear program by saying it can't exclude iran is working on nuclear weapons. or is watching developments for us. according to british intelligence chiefs israel will launch a strike against iran to stop it from developing nuclear weapons as soon as christmas according to sources in the british government if not christmas then the beginning of mixed year with the sources saying that israeli military action is to be expected soon a lot of in later and that it will be action that will be supported in a just victory by the united states not in recent weeks we did hear from the british defense ministry they confirmed that they have contingency plans in place should the u.k. decide to support military action against iran here in israel pointed to the publication on tuesday all of the report by the international atomic energy agency the israeli defense minister ehud barak warned iran of

a possible israelis strike he said that all options are on the table and when israeli officials use that phrase all options on the table it really does mean military action the israeli president shimon peres has also gone on record saying that an israeli military strike is more likely than any kind of diplomatic solution we have had ever spawns from iran's supreme leader the ayatollah i mean who has warned both the united states and israel that if they strike iran they must expect a tough harsh response from tehran he said and i'm quoting that we are not a nation to sit back idle and watch materialistic corrupted and rotten power was written he ran we will respond with a strong snap and an iron fist he spoke about a graces and invade is being smashed from within not just yesterday wednesday the radium president mahmoud ahmadinejad's responding to that i am a report he slammed the report and he said that iran would not step back one iota

from developing its nuclear program he said that the report was relying on basis u.s. claims that you rand is building a nuclear bomb. russia's state atomic company. considering building new power generating units for iran's bushehr nuclear plant now this comes just after the latest report said it couldn't disprove iran is attempting to build atomic weapons and i spoke to the corporation spokesperson said again no because he said if the project does go ahead it will be on full display for the i.a.e.a. to observe the first c. unit showing nuclear power plant is a unique international project because so lots of countries including western countries are involved in to prevent patients of this project 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 off united nations watchdog experts it will be absolutely transparent for international society we have great abyss mechanism of nuclear fuel supply where you say that we are ready to provide a new nuclear power plant to have nuclear fuel for all the lifetime of the subject and then the fuel of fresh origin spent fuel we are taken back to so it means so that the traditional society can be absolutely sure that all the russian fissile material will be controlled by russian federation. internet users have been left shocked after videos of alleged police brutality against student protests at the university of california emerge online 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 or to talk to one witness and here's what he had to say. police approached with full force with right here and baton and

we didn't want to move in or i guess through they use their batons to repeatedly jab us in the stomach and they were in us but there were tons of their going people to the floor and then hitting them with their nightsticks when there were times as they're on the floor they were they were point you'll cross the line and then the rest in the people that weren't doing anything they hit they had me repeatedly on the arms on the torso in the stomach and they arrested more students and. the students we review that we were 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 professors our university was was protesting and she's in the hospital or out it's our school we pay tuition we pay tuition that's rising every year for less service is. 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. to defeat at the school calm is the best way to stay fully up to date with the latest news from the protest site but also follow our correspondents tweets for links to the most recent videos fundament lucy couple of twitter stream including the full videos all of that reported police brutality. to some of the international stories in brief now ahead of the business news rescuers have been working nonstop in eastern turkey following a five point seven magnitude earthquake it struck the same region which was hit just two and a half weeks ago another large trauma which killed more than six hundred people that. this latest disasters 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 was a hotel used by aid workers and journalists covering the aftermath of october's tragedy. in seoul police use water cannons in an attempt to break up a demonstration after thousands took to the streets angered at the free trade agreement with the u.s. protesters claim the deal will only benefit american companies or jeopardizing the

south korean economy the u.s. congress ratified the agreement last month korean ruling party plans to push the deal through parliament next week despite stiff resistance from the opposition. to bring it up to date at the moment as promised in just a few minutes from now the business news with stay with us live here in moscow. in some petersburg she's available in hotels a story of a little ambassador in a sense politico tell patroclus otoh the true spoto golden.

gate. in a sea of this city business. hello and a very warm welcome to the business program as we've been reporting russia has been given the green light to join the world's trade organization the move is expected to open new markets for russian goods it will also boost the desire for investment into the country russia's chief w t o negotiator mike seem a bit of explains the most difficult points in an eighteen year long marathon. most difficult negotiations for their own mitchell. and own agriculture is moving closer to a newly formed a commitment to do police work on a system in the mud regime to mention because it was opposed to the last one to

computers as soon negotiations resume. their different so a commitment to visit to your mil not to mention insurance co to reduce emissions in respect to the prosecutors will get some brochures and people say you know you're going to show you are so disappointed to see what they're going to read since he. would be able to see. more money to support our farmers a. large solution putin five years in five years we were to occur in support which we knew was to complete musician forward for certain. and russia's w t o entry will boost competition making life for many russian companies difficult but the bottom line will be better copper governance and improved investment climate so says the chief economist from deutsche bank. in terms of transition period still longer these transition periods the better and the length of the

transition period will be as long as seventeen years so this should provide enough time for russian producers to prepare for the inevitable which is now going to be a significant increase in competition from abroad that in turn is going to be a major agent of change in russia store for etc the threat of greater competition is likely to force russian producers to improve corporate governance to forge ahead with efficiency improvements. let's have a look at the markets oil is high on speculation that europe's economy may weather the region's debt crisis bryant is now trading at one hundred thirteen dollars per barrel while the light switch is hovering at ninety seven dollars. your stocks have rebounded doesn't just trail and energy firms on a rally overshadowed the drop in apple of the company slipping over two percent off to cleveland research its forecast for i pad sales. and european stock markets

were mixed at the close to the decline but the tax was point seven percent higher and finally here in moscow the markets finished thursday session in the black there are chairs in the white sox both gave more than one percent at the close of play now let's have a look at some of the individual share moves on the my sets was never again to point four percent their bond was up more than one and a half percent the lender has reported a more than two fold increase in net profit for the first ten months of the year but that's under russian accounting standards food retailer. the company's earnings have jumped almost eight percent in general september aleksandr rifkin from the triple wraps up today's trade for us. describe it as a limited visit to see something like this. up to us to pose for them on some positive trends and we will process and us reach for similar as usual we have been so recently on the external one small number of

others still trick and it's all in story more than a quick story from our. sky little bumps on the walk up the even useful from me probably usually in your work on officials. that's not from your europe today it's another business update for you in less than fifteen minutes time.

the move. to. the big.

if you just joined us. here in moscow top stories now. good things come to those who wait the nearly two decades of debate russia finally gets the green light to join the global trade system. athens announces the veteran vice president of the european central bank as his new prime minister is sparking fresh indignation on greek streets over the perceived loss of. the e.u. bureaucratic machine. israel may strike iran by the end of december that's according to reports citing british intelligence sources after the findings of the un's atomic watchdog sparked fresh concern over to iran's nuclear program. i'll be back with another update for in about fifty minutes from now the meantime the u.n. human rights chief has said that syria is very close to.