(Reuters) – Indonesia is close to an agreement with Apple Inc (NASDAQ:) on an investment plan that could lift the ban on iPhone 16 sales in the country, investment minister Rosan Roeslani told Bloomberg News on Tuesday.
I hope that in one or two weeks this issue can be resolved, Roeslani told Bloomberg Television in Davos, Switzerland.
Apple did not immediately respond to a request for comment. The Indonesian government could not be reached for comment.
Last year, Indonesia banned the sale of the iPhone 16 after Apple failed to meet the requirements that smartphones sold in the country must contain 40 percent of domestic production.
Apple does not have a manufacturing facility in Indonesia, a country of about 280 million people, but as of 2018 it established centers for application development.