Jakarta, August 11 — Indonesia and Peru have officially signed a free trade agreement aimed at strengthening bilateral trade and investment ties. The signing ceremony, held in Jakarta on Monday, marked a significant step toward deepening economic cooperation between the two nations.

The agreement is expected to reduce tariffs, streamline customs procedures, and open new avenues for exports and joint ventures across sectors such as agriculture, textiles, and mining. Leaders from both countries emphasized the strategic importance of the pact in fostering sustainable growth and regional connectivity.

“This agreement reflects our shared commitment to building a more dynamic and inclusive economic partnership,” said Indonesian President [Name], speaking at the event. His Peruvian counterpart [Name] echoed the sentiment, calling the deal “a gateway to expanded opportunity and mutual prosperity.”

The pact will now undergo ratification processes in both countries before coming into full effect.