Indonesia steps up trade protectionism with Apple and Google phone bans

South-east Asia’s largest economy pushes foreign tech groups to invest locally or lose market access

Just days into his presidency, Indonesia’s new leader has sent a strong message to foreign tech companies looking to sell in the world’s fourth-most populous country: invest locally or lose access to the market. But analysts warned that strategy, which remade Indonesia’s economy as a commodities powerhouse, could backfire against the likes of Apple and Google as competition in the region for foreign direct investment heats up.

This year, Indonesia relaxed the local content requirement for solar power plant projects in a bid to facilitate foreign investment. The energy minister at the time, Arifin Tasrif, said the requirement had made projects much more expensive for foreign companies. Indonesia’s protectionism has been even more aggressive in commodities. Prabowo’s predecessor Joko Widodo banned nickel ore exports in 2019, forcing foreign companies to invest in domestic nickel processing facilities.

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