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Indonesia's iPhone 16 ban highlights problematic 'local content requirement'

By Jet Damazo-Santos ( October 30, 2024, 06:28 GMT | Comment) -- It’s been over a month since the iPhone 16 was launched, but consumers in Southeast Asia’s most populous country are still unable to find it in local stores. Indonesia’s Industry Ministry has so far banned Apple from selling its latest smartphone until it meets a 240 billion rupiah ($15 million) shortfall in its investment commitment in the country — a drop in the bucket for the global tech giant, but a massive display of how Indonesia uses trade restrictions to protect national interests.It’s been over a month since the iPhone 16 was launched, but consumers in Southeast Asia’s most populous country are still unable to find it in local stores....

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