www.euronews.net The World Trade Organisation makes a tongue in cheek gesture to celebrate Russia getting to the next step in their membership bid. Russia has effectively wrapped up 18 years of talks on joining the 153 member institution after agreeing terms with the EU. Cold war adversary Georgia could have vetoed Moscow's entry but instead accepted a Swiss border proposal, arising from a conflict with Russia in 2008. Chairman of WTO working group for Russian accession Stefan Johannesson declared:

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How will Russia and the WTO match up? Will the WTO membership benefit big Russian exporters at the expense of Russian small businesses? Will tougher competition motivate Russian companies to raise their standards, or will a wave of foreign goods actually endanger the existence of some local companies? And will Russians notice the WTO's impact on the economy? OtM is joined by Yaroslav Lisovolik, Anatoliy Miliukov and Nick Pool. www.facebook.com

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For more news and videos visit ☛ english.ntdtv.com Follow us on Twitter ☛ http Add us on Facebook ☛ on.fb.me Russia plans to join the World Trade Organization in the spring session, but opponents say integration would weaken Russia's underdeveloped economy. A union of public and business organizations is trying to persuade the government to hold a referendum on accession. Content: Russia is planning to join the World Trade Organization by the summer time. This accession is needed to strengthen Russia's position in the international market and receive the right to participate in shaping international trade rules. Russian authorities are promising to protect the interests of domestic producers. However, some experts say that joining the organization will lead to a partial loss of the country's sovereignty and a weakening of its economy. [Maxim Kalashnikov, Russian Blogger]: "Joining the WTO is a deep political issue. It will compromise the sovereignty of our country. This is a rejection of freedom in times of acute international crisis, when in need of national revival and re-industrialization." In order to fulfil the basic requirements of the WTO, Russia will be reducing taxes on imported and exported goods, which will lead to an increase of foreign goods in the market. Experts say it could lead to a drop in domestic production and in the country's number of manufactures. [Konstantin Babkin, President, "Rosagromash" Association]: "The opening of the market is simply <b>...</b>

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On Friday night in Geneva Russia will become a member of the World Trade Organisation. We talk to economist Jacob Nell from Morgan Stanley Russia about the the benefits and the stumbling blocks.

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www.euronews.net The World Trade Organisation has formally approved Russia's membership after 18 years of wrangling over terms and conditions for joining. Russia's Economy Minister Elvira Nabiullina said: "For us, the end of these negotiations is not the finish but the start." Russia was by far the biggest economy outside the 153-member organisation. It now has six months to ratify its membership and will join the global trading club 30 days later. With Russia as a member, the WTO will account for 97 percent of world trade.

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Russia secured the final approval Friday to join the World Trade Organization after a record 18 years of trying. The WTO's 153 members gave their second and final approval for Russia's membership bid, ushering in the last major economy outside the trade club. Duration: 01:26

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A new era is beginning for the Russian economy. The country first applied for membership of the World Trade Organisation back in 1993. Finally, that long negotiation is over and Russia has been formally invited to join. Dmitry Medvedenko looks at the changes this will bring.

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Russia has been officially welcomed to the World Trade Organization, after nearly two decades of talks. The long-anticipated accession will be a boon for some industries, but is likely to hit tough on others, so Russians greet it with mixed feelings. RT on Twitter twitter.com RT on Facebook www.facebook.com

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www.euronews.net The last obstacle for Russia's candidacy to become a member of the world trade organisation has been overcome. After introducing laws in line with WTO's rules, the other existing 153 members agreed to put the country's inclusion to a vote in December. Georgia has opposed Moscow's joining for the last three years due to a territorial dispute which lead to armed conflict in 2008. Russia plans to join the WTO's voluntary agreement on government procurement and will initiate negotiations for membership within four years of joining the WTO.

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Russia is now further along the road to WTO accession - after striking a deal with the US over car assembly. The issue has been one of the main stumbling blocks in the past.

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Wow you couldn't make this stuff up. I wonder, is this due to Russia possibly helping finance the IMF to aid the Euro? The NWO are closing the seams.....read between the lines people.......

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www.wto.org 10.11.11 Working Party seals the deal on Russia's membership negotiations On 10 November 2011, the Working Party on Russia's accession, chaired by Ambassador Stefán Jóhannesson (Iceland), agreed, ad referendum, on the terms of the country's membership to the WTO by adopting the package containing reforms to Russia's trade regime, and the commitments that Russia undertook to implement as part of its WTO accession. Have a look at the news item on the WTO's website: www.wto.org More information about WTO accessions: www.wto.org

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Now that Russia has been approved for WTO membership, local car makers are under pressure to match their foreign competitors. A joint venture between truck maker Yarovit and the Onexim investment group is trying to push ahead by making Russia's first hybrid car, the Yo-mobile. The project has also won support from the gas monopoly Gazprom. RT's Marina Kosareva has the details.

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www.wto.org 21.12.11 The Eighth Ministerial Conference was held in Geneva, Switzerland, from 15 to 17 December 2011. In parallel to the Plenary Session, where Ministers made prepared statements, three Working Sessions took place with the following themes: "Importance of the Multilateral Trading System and the WTO", "Trade and Development" and "Doha Development Agenda". The Conference approved the accessions of Russia, Samoa and Montenegro. In the final session, Ministers adopted a number of decisions and the Chair made a concluding statement. More videos about the WTO Eighth Ministerial Conference: www.wto.org Have a look at WTO Eighth Ministerial Conference news items on the WTO's website: www.wto.org

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A commission in Geneva has now cleared all the remaining hurdles for Moscow's long awaited membership to the World Trade Organization. RT's Laura Smith has been following the negotiations. RT on Twitter twitter.com RT on Facebook www.facebook.com

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RT's Sophie Shevardnadze interviews President of Finland Tarja Halonen. Russia joining the World Trade Organization would help boost Europe's economy as a whole, and especially those of its neighbors. Finnish president Tarja Halonen says her country is very interested Russia joining WTO as soon as possible. "We have a lot of trade between Finland and Russia, so we hope that it will be a member of WTO. Then certain issues will go away from our table. It's clearer to work under the same regulations. We are keeping the fingers that everything will happen very soon," she said. "You can guess from my smile that as a president of Finland, I hope in both ways and I'm happy also that Russia started to invest in Finland. We hope also to have some new jobs in Finland. The world is for the globalization, I hope for the globalization. The WTO membership will make the situation much clearer and that's why we are strongly for that." According to Halonen, one of the potential areas of co-operation between Russia and Finland could be energy efficiency. "I think we should speak about renewable energy resources. I have noticed that all over the world those countries with classical energy resources have been interested to work with us to make new ideas how to get renewable energy from sun, wind, sea and whatever you might mention. Then there is something that we know well, so-called clean technology, and we are interested to share our experiences," she said. RT on Facebook: www.facebook.com <b>...</b>

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A new era is about to begin for the Russian economy. The World Trade Organisation has formally invited Russia to join the club - the successful conclusion to 18 years of tough negotiations.

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www.euronews.com The growth of trade worldwide is set to slow down for the second year running according to the World Trade Organisation. In the WTO's annual forecast it says the main risks are of a deeper than expected recession in the eurozone, a worsening sovereign debt crisis, higher oil prices, and geopolitical risks. Director General Pascal Lamy told reporters: "We again found ourselves with conflicting economic developments, portending either a continued crisis or slightly better times ahead." World trade growth is predicted to slow to 3.7 percent this year, that is down from last year's five percent growth and way down on 2010's record of 13.8 percent. In 2013 trade growth is expected to pick up to 5.6 percent. The WTO says how this year goes is largely dependent on the seemingly diverging fortunes of the world's top two trading powers - that is Europe and the United States. The trade organisation's economists see a slump in exports of goods from developed countries this year. Exports from developing countries, a grouping that includes Russia, are expected to improve slightly from last year's levels. Find us on: Youtube bit.ly Facebook www.facebook.com Twitter twitter.com

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The European Union has backed Moscow's plans to join the World Trade Organization at a Russia-EU summit in Brussels. The news was confirmed at a press conference, in what's seen as a sign of how close the two partners are becoming. RT on Facebook: www.facebook.com RT on Twitter: twitter.com

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