Connect with us

Another Europe News

WTO membership: good or bad for Russia?

Published

on



http://www.euronews.com/ Russia’s 19-year wait to become a member of the World Trade Organisation is finally over.

Some economists and politicians believe the country could be transformed with the economy boosted by foreign investment.

However many smaller entrepreneurs fear an end to import tariffs will mean their customers will switch to more attractive foreign products.

Dmitry Sredin, a senior executive with Russia’s biggest bank Sberbank is optimistic. He said: “Russia’s accession to the WTO is definitely a positive signal for all Western investors, a positive signal for all companies that work in the Russian economy. We expect mid- to long-term economic growth from this.”

The theory is the protocol signed last December and now in effect will make Russian companies more efficient and productive.

But even the head of the WTO, Pascal Lamy, admitted there will have to be changes: “Today, Russia joins the World Trade system with an export structure, which is still heavily concentrated on fuels and minerals, that represent more than two-thirds of Russian exports. This should be an important contribution to the future diversification of Russian exports.”

With its exports dominated by oil and gas, which are not subject to tariff barriers, Russia can’t expect the kind of boost that China enjoyed from WTO membership.

Moscow’s timing is also not good with much of the developed world in recession.

Find us on:
Youtube http://bit.ly/zr3upY
Facebook http://www.facebook.com/euronews.fans
Twitter http://twitter.com/euronews

source

Continue Reading
9 Comments

9 Comments

  1. @nath-wp7xp

    April 2, 2024 at 3:09 pm

    Good news here. Russia looking on the up!

  2. @omnadrener1

    April 2, 2024 at 3:09 pm

    Putin why as American would u do this makes u a slave to foreigners

  3. @knoose

    April 2, 2024 at 3:09 pm

    I got 1 year probation for that an 400 fine…

  4. @knoose

    April 2, 2024 at 3:09 pm

    lol…yes, 2 days for trespassing.
    Not 3 to 8 years. Pathetic.

  5. @knoose

    April 2, 2024 at 3:09 pm

    lol…really?
    If the same thing happened in America…they would go to jail for 2 days for trespassing….basic law…not opinion and emotion based like in Russia.

  6. @knoose

    April 2, 2024 at 3:09 pm

    Move away then…lol.
    Clearly you dont understand the basics of the USA and it having some of the lowest taxes of any developed country.
    "a slave"…lol…sadly pathetic.
    What is there to "love" about russia??? The economy? the dictatorship?
    You dont go to prison for dancing on a church stage here…lol

  7. @knoose

    April 2, 2024 at 3:09 pm

    lol………..

  8. @oelergodt

    April 2, 2024 at 3:09 pm

    Tear down that trading wall Mr. Putin!

  9. @21boxhead

    April 2, 2024 at 3:09 pm

    what is Putin doing? he should cancel membership

You must be logged in to post a comment Login

Leave a Reply

Another Europe News

Latest news bulletin | December 7th – Midday

Published

on



Catch up with the most important stories from around Europe and beyond – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : https://www.euronews.com/2024/12/07/latest-news-bulletin-december-7th-midday

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#TopNewsStoriesToday

source

Continue Reading

Another Europe News

Ferrari is the biggest growing brand of 2024 – what’s their secret? | The Big Question HIGHLIGHT

Published

on



In this episode of The Big Question, Hannah Brown sat down with Gonzalo Brujó, the CEO and President of Interbrand, the world’s leading brand consultancy to discuss this year’s Best Global Brand report

Watch the full episode here: https://www.youtube.com/watch?v=wa5PpjrhZUY&list=PLSyY1udCyYqCSxmFRNEpDT0MilAJEaFQJ

Read more: https://www.euronews.com/business/2024/12/02/apple-ferrari-jordan-what-is-the-secret-to-being-the-best-brand-on-the-planet

⬇️ Always stay informed ⬇️
👉 Follow all the news on 📲 https://euronews.com
👉 Subscribe ► https://www.youtube.com/@euronews
👉 Watch our LIVE here: https://www.youtube.com/c/euronews/live

🌎 Follow us:
Facebook: https://www.facebook.com/euronews
Twitter: https://twitter.com/euronews
Instagram: https://www.instagram.com/euronews.tv/

📌 Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Download our new app to receive all the latest updates from Europe’s newsroom: https://apps.eur.ws/8HQ4

#Euronews #TheBigQuestion #Interbrand #Ferrari #Tesla

source

Continue Reading

Another Europe News

Latest news bulletin | November 24th – Midday

Published

on



Catch up with the most important stories from around Europe and beyond – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : https://www.euronews.com/2024/11/24/latest-news-bulletin-november-24th-midday

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Green: http://bit.ly/2sMsaDB
Euronews Next: https://www.youtube.com/c/EuronewsNext?sub_confirmation=1
Euronews Travel: https://www.youtube.com/c/EuronewsTravel?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#TopNewsStoriesToday

source

Continue Reading

Another Europe News

ISIL confirms death of ‘Jihadi John’

Published

on



The Islamic State (ISIL) militant known by the media as “Jihadi John” and notorious for his filmed beheadings of hostages, has been confirmed dead.

The U.S. military had said back in November it was “reasonably certain” it had killed him in a drone strike.

This was confirmed in the latest issue of ISIL’s online propaganda magazine Dabiq, which identified him as Mohammed Emwazi, a British citizen of Arab origin. It said Emwazi was killed on November 12, 2015, when his car was hit by a drone in …
READ MORE : http://www.euronews.com/2016/01/19/isil-confirms-death-of-jihadi-john

What are the top stories today? Click to watch: https://www.youtube.com/playlist?list=PLSyY1udCyYqBeDOz400FlseNGNqReKkFd

euronews: the most watched news channel in Europe
Subscribe! http://www.youtube.com/subscription_center?add_user=euronews

euronews is available in 13 languages: https://www.youtube.com/user/euronewsnetwork/channels

In English:
Website: http://www.euronews.com/news
Facebook: https://www.facebook.com/euronews
Twitter: http://twitter.com/euronews
Google+: http://google.com/+euronews
VKontakte: http://vk.com/en.euronews

source

Continue Reading

Another Europe News

Are you brave enough to ride in the world’s tallest outdoor elevator?

Published

on



Located in China’s Zhangjiajie National Forest Park, this lift is definitely one for the bucket list.

READ MORE : https://www.euronews.com/2021/01/08/are-you-brave-enough-to-ride-in-the-world-s-tallest-outdoor-elevator

Subscribe to our channel: https://www.youtube.com/c/euronews?sub_confirmation=1
Watch our LIVE here: https://www.youtube.com/c/euronews/live

Subscribe to our thematic channels:
NoComment: https://www.youtube.com/c/nocommenttv?sub_confirmation=1
Euronews Living: http://bit.ly/2sMsaDB
Knowledge: https://www.youtube.com/c/euronewsknowledge?sub_confirmation=1

Euronews is available on YouTube in 12 languages: https://www.youtube.com/user/euronewsnetwork/channels

#TravelNews

source

Continue Reading

Trending

On this website we use first or third-party tools that store small files (cookie) on your device. Cookies are normally used to allow the site to run properly (technical cookies), to generate navigation usage reports (statistics cookies) and to suitable advertise our services/products (profiling cookies). We can directly use technical cookies, but you have the right to choose whether or not to enable statistical and profiling cookies. Enabling these cookies, you help us to offer you a better experience.