On Dec. 3, Indonesia's deputy industry minister told reporters that the country plans to increase the local content requirement for smartphone investments. Still, Indonesia is a small overseas sales market for Apple, with few consumers wealthy enough to buy a cutting-edge iPhone, economists said. Indonesia's content policy requires 40% of smartphones and tablets to be locally made. "Local content requirements have not been successful in attracting FDI to Indonesia. In addition to its local content requirements, Indonesia has also implemented other protectionist policies, including tariffs, to drive greater investments into the country.

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Persons: Tim Cook, Budi Arie Setiadi, Joko Widodo, Bhima Yudhistira Adhinegara, What's, Arianto Patunru, Will Indonesia's, Indonesia's, CELIOS, Adhinegara, Yessi, Krisna Gupta Organizations: Apple, Indonesian, Communication, Industry, Afp, Getty, Center of Economic, Law Studies, CNBC, Apple Developer, Samsung, Center for Indonesian, Studies, Economic Research Institute, ASEAN Locations: Indonesian, Jakarta, Apple, Indonesia, Vietnam, China, Cupertino, Bali, South, Southeast Asia, East Asia