MOSCOW (Sputnik) — The United Kingdom will not have to reapply for a membership in the World Trade Organization (WTO) after it leaves the European Union, UK Secretary of State for International Trade Liam Fox said Sunday.
Fox, talking at the Conservative Party conference in Birmingham, expressed confidence that the Brexit would not have a negative impact on investment attractiveness of the United Kingdom.
29 September 2016, 15:40 GMT
Earlier in the day, UK Prime Minister Theresa May signaled the start of Brexit by declaring that the United Kingdom would begin the procedure of withdrawing from the European Union by the end of March 2017.
On June 23, the United Kingdom held a referendum to determine whether or not the country should leave the European Union. According to the final results, 51.9 percent of voters, or 17.4 million people, decided to support Brexit, while about 16.1 million opposed it.
