Another Europe News
WTO membership: good or bad for Russia?
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.
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Five arrested near US air base as police probe possible Iran link
Counter terrorism police are leading an investigation into the incident. Five men have been arrested on suspected explosives offences as well as on suspicion of preparing a terrorist act.
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The panel, “The Future of the Ski Holiday,” will explore how the industry is evolving to address challenges such as climate change, rising costs and changing traveller expectations.
Speakers will discuss how to make skiing more accessible and sustainable while protecting the future of the sport:
-Florian Sengstschmid, CEO, Azerbaijan Tourism Board (ATB)
-Sandra Spitz, Sport and Event Director, International Ski and Snowboard Federation (FIS)
-James Gambrill, Founder, Mountain Trade Network & Event Director, Snow Show London
The discussion will also explore emerging ski destinations, including Azerbaijan, and how innovation, investment and year-round experiences can create new opportunities for mountain tourism and attract the next generation of travellers.
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Another Europe News
Safranbolu is a Turkish town with fairytale Ottoman houses where ‘red gold’ grows in abundance
Safranbolu is a beautifully-preserved town in Northern Türkiye. We are going to discover its rich history, uncover the secrets of the spice that gives it its name, and find out more about one of the deepest canyons in the world.
In partnership with GoTürkiye
READ MORE : https://www.euronews.com/2024/04/01/safranbolu-the-turkish-town-with-ottoman-houses-where-red-gold-grows
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Another tanker catches fire near Hormuz after two cargo ships sunk in attacks
Iran said monitoring teams found the unnamed vessel ablaze after it entered a prohibited zone with its tracking systems disabled, two days after the container ship GFS Pride sank following a fire and the cargo ship Cape Dao also went down after being struck by a projectile.
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EU foreign ministers say US President Donald Trump’s diesel deal with his Russian counterpart Vladimir Putin is unlikely to work.
Estonian Foreign Minister Margus Tsahkna said he doesn’t believe “this diesel deal is actually going to change anything” in terms of prices.
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@nath-wp7xp
April 2, 2024 at 3:09 pm
Good news here. Russia looking on the up!
@omnadrener1
April 2, 2024 at 3:09 pm
Putin why as American would u do this makes u a slave to foreigners
@knoose
April 2, 2024 at 3:09 pm
I got 1 year probation for that an 400 fine…
@knoose
April 2, 2024 at 3:09 pm
lol…yes, 2 days for trespassing.
Not 3 to 8 years. Pathetic.
@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.
@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
@knoose
April 2, 2024 at 3:09 pm
lol………..
@oelergodt
April 2, 2024 at 3:09 pm
Tear down that trading wall Mr. Putin!
@21boxhead
April 2, 2024 at 3:09 pm
what is Putin doing? he should cancel membership