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Posts Tagged ‘WTO’

Putin: Using Al-Qaeda in Syria like sending Gitmo inmates to fight (EXCLUSIVE)

Posted by Ram Kumar Shrestha on September 8, 2012

In an RT global exclusive premiere, President Putin gives his first post-inauguration interview, speaking in depth with RT’s Kevin Owen ahead of the APEC summit in Vladivostok.

Touching upon a range of issues, he discusses topics from the Pussy Riot trial to the Julian Assange case, from the upcoming US elections to the situation in Syria.

RT: What I want to talk about first of all is the ongoing at the moment APEC summit. You’ll be going there very shortly – in Vladivostok because it’s the first time that Russia has held it, a prestigious event. But it always begs the question – what’s actually achieved at these events, events like that, like the G8, G20?

Now, though APEC is primarily an economic vessel, there’s a lot of politics involved as well. And of course a lot of the key players including you, including America, a lot of key players disagree on some very key issues. I’m thinking about Syria, I’m thinking about missile defense, I’m thinking about Iran. Is there a danger that the politics may stifle, get in the way of the big economic deals that the very same key players are hoping to sign at this summit or at least talk about signing? Read the rest of this entry »

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10 Ways China Is Changing The World

Posted by Ram Kumar Shrestha on July 8, 2012

Over the past 20 years, China has experienced incredible growth.It is now the second largest economy in the world.  Despite its recent slowdown, it continues to be one of the fastest growing economies the world.

Experts expect the country to overtake the U.S. as the world’s largest economy in the next 15 years.

Obviously, its size is having tremendous ripple effects across the world.

What’s more, it sets on vast resources that have the ability to tilt the entire global commodities markets.

Finally, the country also has a reputation for engaging in large-scale shady practices that have forced the rest of the world to rethink how they manage security and protect intellectual property.

We put together some of the key ways in which China is impacting the global economy, politics and culture.

China’s massive shale gas boom could cause gas prices to plunge, which could derail American’s energy boom

Earlier this year PetroChina announced a shale gas discovery in the southern Sichuan province. And late last year state-owned China National Petroleum Corp. announced the discovery of shale gas reserves in at least 20 locations, with each able to produce over 10,000 cubic meters of gas per day.China is believed to have 1,300 trillion cubic feet of recoverable shale gas, the biggest known reserves, and compared with the 827 trillion cubic feet in the U.S..

Impact: This could be a game changer because it could do away with the need for a pipeline that Canadians were hoping to build to send China their excess gas, it could cause gas prices to plunge and kill the American energy boom, according to Andrew Snyder at Resource Investor.

China’s dominance in rare earths commodities is disrupting the supply chain for hi-tech products

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WTO = Waiting Time Over for Russia

Posted by Ram Kumar Shrestha on December 16, 2011

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.

The agreement on Russia’s accession to the WTO has been signed at a WTO Ministerial conference on Friday by Russian Economic Development Minister Elvira Nabiullina and WTO General Secretary Pascal Lamy, after the working group unilaterally approved Russia’s bid to become part of the 153-strong trade club.

Ratification by the Russian parliament is now the only necessary step before receiving the membership.

“Russia is the world’s 12th largest trading nation ($400 billion in exports and $250 billion in imports) and until we have this important country among our members, we cannot truly be the World Trade Organization,” pointed out Pascal Lamy, the Director-General of the WTO, in an article published by ITAR TASS news agency. Read the rest of this entry »

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