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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Another Europe News
Latest news bulletin | December 7th – Midday
Catch up with the most important stories from around Europe and beyond – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
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Another Europe News
Ferrari is the biggest growing brand of 2024 – what’s their secret? | The Big Question HIGHLIGHT
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
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Latest news bulletin | November 24th – Midday
Catch up with the most important stories from around Europe and beyond – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
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Another Europe News
ISIL confirms death of ‘Jihadi John’
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
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Are you brave enough to ride in the world’s tallest outdoor elevator?
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
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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