Indonesia is on the verge of finalizing a deal with Apple Inc. regarding an investment plan that could result in the lifting of a ban on the sale of the iPhone 16 in the country, as stated by investment minister Rosan Roeslani to Bloomberg News on Tuesday.
Roeslani mentioned to Bloomberg Television in Davos, Switzerland, "Hopefully within one or two weeks this issue can be resolved."
Apple has not yet responded to a request for comment, while the Indonesian government could not be reached for a statement.
Indonesia prohibited sales of the iPhone 16 last year because Apple did not meet the requirement that smartphones sold in the country must include at least 40% locally-made parts.
Although Apple does not have manufacturing facilities in Indonesia, a country with roughly 280 million people, it has established application developer academies since 2018.