Home TIS Intelligence Morning Briefing: US Ready Talks Post Brexit Trade Deal with UK

Morning Briefing: US Ready Talks Post Brexit Trade Deal with UK

United States (US) Presidend Donald Trump has talked ip the possibility of a post-Brexit deal with United Kingdom (UK) - Photo by BBC

JAKARTA (TheInsiderStories) – Good Morning! United States (US) Presidend Donald Trump has talked ip the possibility of a post-Brexit deal with England during his state visit to the kingdom. He also proposed the country choose Brexit no-deal rather than stick as an European Union member.

The chancellor, Philip Hammond, claims that United Kingdom could renegotiate the Brexit deal were unrealistic. While, Boris Johnson, the favorite candidate to replace prime minister Theresa May, released a video promising Brexit deal or no deal on Oct. 31.

Followed the heat tension in Gulf areas, Saudi Arabia decided ramped up its oil production to filling the gap created by tougher US sanctions on Iran. In May, Iranian output plunged to the lowest since 1990 as the Trump administration threatened penalties for anyone trading with the the country.

Along with increases in fellow Organization of the Petroleum Exporting Countries (OPEC) members Libya and Iraq, overall output from the group remained unchanged in May from the previous month.

In Indonesia, presidential candidate Prabowo Subianto revealed, there was a time he would meet with the President Joko Widodo after the 2019 Presidential Election. However, he did not say specifically when the meeting would take place. Subianto had previously met with Vice President Jusuf Kalla on May 23. 

Then, Meteorology, Climatology, and Geophysics Agency reported that an earthquake, measuring 6.0 on the Richter scale, hit South Nias in North Sumatra Province on Monday afternoon. The epicenter of the quake was located at sea, 30 kilometers southwest of South Nias, at a depth of 19 kilometers.

The agency also confirmed that the quake was followed by a 5.5-magnitude aftershock, centered 40 kilometers southwest of South Nias. No immediate report of casualties or material damage was received.

Furthermore, Indonesian government is ready to increase the export of cacao and its derivative products to EU countries, said Agricultural Attache for Belgium Wahida. The value of Indonesian cacao exports to the EU in 2018 reached US$215.2 million, an increase of 22 percent compared to 2017 with US$201.7 million.

This figure is only one percent of the total import value of the EU for cacao products and its derivatives, which has reached $27.4 billion.
The largest cacao importing countries to the EU are Ivory Coast ($4 billion), Ghana ($1.5 billion) and Nigeria ($672 million).

May you have a profitable day!

Written by Linda Silaen and TIS Intelligence Team, Please Read Our Insight to Get More information about Indonesia

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