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Indonesia Rejects Apple’s US$100 Mln Investment for 2024-2026

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Indonesian Government Rejects Apple’s Investment Proposal

The Indonesian government has officially rejected Apple’s US$100 million investment proposal for the 2024-2026 period, citing that the proposal does not meet the aspects of fairness. According to Indonesian Industry Minister Agus Gumiwang Kartasasmita, Apple’s investment has not provided significant added value to the country’s revenue or job creation.

Unfair Investment

The amount of investment is also considered unfair compared to the investments made by other foreign technology companies that have established factories in Indonesia. The ministry plans to invite Apple representatives to discuss a new investment proposal and the outstanding commitment of US$10 million for the 2020-2023 investment period.

Negotiations Opened

The government is opening space for negotiations to reach an agreement on Apple’s investment in Indonesia so that Apple products, including the iPhone 16 series, can obtain certification and be officially marketed in Indonesia, said Agus.

Background

Apple had proposed an investment of US$100 million in Indonesia for the 2024-2026 period, which was rejected by the Indonesian government. The government’s decision was based on the fact that Apple’s investment did not provide significant added value to the country’s revenue or job creation.

Comparison with Other Investments

The amount of investment proposed by Apple is also considered unfair compared to the investments made by other foreign technology companies that have established factories in Indonesia. For example, other companies have invested more in research and development, technology transfer, and job creation, which has contributed to the country’s economic growth.

Conclusion

The rejection of Apple’s investment proposal by the Indonesian government highlights the importance of fairness and transparency in investment agreements. The government’s decision is aimed at promoting fair competition and ensuring that foreign investments benefit the country’s economy and people.

FAQs

Q: Why did the Indonesian government reject Apple’s investment proposal?
A: The government rejected the proposal because it did not meet the aspects of fairness, and Apple’s investment did not provide significant added value to the country’s revenue or job creation.

Q: What is the outstanding commitment of US$10 million for the 2020-2023 investment period?
A: The outstanding commitment refers to the amount of investment that Apple has committed to make in Indonesia for the 2020-2023 period, which is US$10 million.

Q: What is the government’s plan for Apple’s investment in Indonesia?
A: The government is opening space for negotiations to reach an agreement on Apple’s investment in Indonesia so that Apple products can obtain certification and be officially marketed in Indonesia.

Q: What is the significance of the government’s decision?
A: The government’s decision highlights the importance of fairness and transparency in investment agreements and promotes fair competition among foreign investors in Indonesia.

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