Make Kitco Your Homepage

Fed's Bullard hopes for more trade deals like NAFTA 2.0 to reduce uncertainty

Kitco News

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)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.