(Reuters) – Indonesia is close to agreeing with Apple Inc (NASDAQ: ) on an investment plan that could lift a ban on iPhone 16 sales in the country, Investment Minister Rosan Roeslani told Bloomberg News on Tuesday.
“I hope this problem can be resolved within a week or two,” 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 sales of the iPhone 16 after Apple failed to meet requirements that smartphones sold in the country should contain at least 40% locally produced parts.
Apple has no manufacturing facilities in Indonesia, a country of about 280 million people, but has established academies for app developers since 2018.
