GENEVA Fikayo Tomori Jersey , July 20 (Xinhua) -- Britain is committed to multilateralism and the World Trade Organization(WTO), the United Kingdom International Trade Minister Liam Fox said Thursday.
"The international trading system that we created in 1995 may be in need of some refurbishment, but our commitment to its fundamental goals and principles remains unshaken," said Fox while speaking at the Graduate Institute, an international studies' university in Geneva Ethan Ampadu Jersey ,
"The UK has been a WTO member since the organization's inception and I am proud to stand here today and say that the UK remains, to its core, committed to multilateralism, and to the WTO," he said.
He was speaking on the theme Beyond Brexit: Britain and the Global Economy Eduardo Jersey , and was to meet the WTO Director-General Roberto Azevedo at the organization's headquarters later in the day.
Brexit is the popular term for Britain's withdrawal from the European Union, which it voted on by a slim margin in a June 23, 2016 referendum.
Fox noted that while much political activity in Europe has focused on Brexit, the world in facing another round of trade liberalisation under the WTO.
He said that to Britain, "a nation that has for centuries been dedicated to the principles of free trade Eden Hazard Jersey , the World Trade Organization retains both a vital symbolic and practical significance".
The minister said the WTO is the home of "the rules-based international system for global trade that has been the foundation of our post-war prosperity".
"We must remain vigilant, and ensure we have an efficient mechanism in place for resolving disputes between members that, crucially, commands the confidence of WTO members," said the minister.
Fox said it is critical that trade works for all WTO members Dujon Sterling Jersey , and he said Britain remains committed to ensuring Least Developed Countries and other developing country trading partners can use trade to reduce poverty.
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Japan's sports minister promised -Tuesday that Tokyo's new National -Stadium, the centerpiece of the 2020 Summer Olympic Games, will be completed on time and blamed a "lack of clear responsibility" for the structure's raft of woes.
The new stadium has been hit by -numerous problems Diego Costa Jersey , including skyrocketing costs and demolition delays that led to media speculation it might not be finished in time, prompting IOC President Thomas Bach to say Monday he wanted Japan to settle plans for it soon.
Hakubun Shimomura, who is also the education minister, told reporters that a lack of clearly delineated overall -responsibility may be partly to blame. The stadium is due to be used for the Rugby World Cup in 2019.
"For example, there were reports that completion might be delayed in April. If we'd gotten those reports earlier I -believe we might have been able to make a more flexible response Davide Zappacosta Jersey ," he said, without -giving further details. "We will not lose international trust. There are still four more years. We will deal with this and make sure it's on time."
Tokyo's Olympic bid promised a "compact Olympics," with a majority of venues within 8 kilometers of the Olympic Village, but sharply rising construction and labor costs have forced a widespread revamping of its venue plans to make more use of existing facilities that are often farther away.
At an IOC meeting in Lausanne that ended Monday, another eight venues were approved. Changes include the site for fencing David Luiz Jersey , wresting and -taekwondo, which will be at a site roughly 40 -kilometers from downtown Tokyo, and -sailing, which will be about the same distance away at a venue used in the 1964 Tokyo Olympic Games.
But much of the controversy has centered around the stadium designed by Zaha Hadid, the architect behind the aquatics center for the 2012 London Games Danny Drinkwater Jersey , with critics saying from the start that its futuristic design was too large for its intended site.
Japan has since scrapped the planned retractable roof and made around 35 percent of the seats at the 80,000-seat stadium temporary ones in additional cost-cutting measures.
In May, Tokyo Governor Yoichi -Masuzoe lashed out at being asked to foot $400 million of the stadium cost, calling the cost "ridiculous." He and -Shimomura have since remained at -apparent odds over the issue.
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