(Reuters) - Indonesia and Apple ( AAPL ) have agreed on terms to lift the country's ban on iPhone 16s and could sign a deal as early as this week, Bloomberg News reported on Tuesday, citing people familiar with the matter.

Indonesia banned the iPhone 16 in October after Apple ( AAPL ) failed to meet requirements that smartphones sold domestically should comprise at least 35% locally-made parts.

Since then, Indonesia's investment minister has said Apple ( AAPL ) plans to invest $1 billion in a manufacturing plant that produces components for smartphones and other products.

Besides this investment, Apple ( AAPL ) will commit to training locals in research and development on its products and this will be done through programs other than existing Apple ( AAPL ) academies, the report said.

However, Apple ( AAPL ) has no immediate plans to start making iPhones in the country, the report said.

Apple ( AAPL ) and Indonesia's Ministry for Industry, which was tasked with enforcing the ban, did not immediately respond to Reuters' requests for comment. They did not respond to Bloomberg either.