Fed's Bullard hopes for more trade deals like NAFTA 2.0 to reduce uncertainty
NUSA DUA, Indonesia, Oct 11 (Reuters) - More trade deals
like the recently concluded agreement between the United States,
Canada and Mexico, would help reduce uncertainty related to
trade and economic growth, St. Louis Federal Reserve Bank
President James Bullard said on Thursday.
The pact, called North American Free Trade Agreement (NAFTA)
2.0, struck earlier this month, has yet to be ratified.
"This is very good news, because it shows that despite the
ups and down of negotiations, you can reach a conclusion ...on
trade relations," Bullard told a panel at the International
Monetary Fund annual meetings in Indonesia.
"I hope we can get deals like this elsewhere and we might
get the uncertainty down on this issue," he said.
The IMF has pointed to global trade tensions as one of the
main reasons undermining global growth prospects.
(Reporting By Jan Strupczewski and Francesco Canepa
Editing by Shri Navaratnam)
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