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 euro

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save the global economy so we spoke to the director general of the world trade organization pascal lamy he says russia's long awaited membership in the w t o will help the revival well the economy is not in good shape but one of the ways to exit this situation which i recognize and we discussed 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 this very moment is also a symbol of the value of the small to the true system of rules in that it had its economy growing including. which are difficult like the ones we are in in the world economy. and often are europeans are also setting their eyes on it china as a source of cash to bail them out and beijing's role in saving struggling western economies is actually something peter lavelle will be debating with its guests on cross talk coming your way here on c.n.n. now less than half an hour. chinese have been very hesitant because they see that the europeans just can't get their house in order we've created such a mess of

the director of the world trade organization pascal lamy says russia's accession to the w g o will help revive the economy and speed up a solution to the global financial turmoil well the economy is not in good shape but one of the ways to exit. this situation which i recognize you and we discussed about the last week in the g twenty 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 that this very moment is also a symbol of the value of these monkey that rule system of rules and in that it had its economy growing including. which all difficult like the ones we are in in the world economy joining w cio creates a hundred percent guarantee for business that the rule of roll that no corruption will be there i mean our discipline in the our rule and the world trade organization these are a rules based system do not cover each and every policy of business all trade life but the main pillars of. what can be called a transparent jew process legally by a system all there all to the countries in these agreemen

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 true negotiation which means more market opening which is. better living. as an impact of domestic economy can socialize that some like it others not like it those we benefit from that of course like it and those who we suffer from trade or breeding let's be frank even if you'd see some game the overall. gains and losses is of class so we'll 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 but if it fir

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