The Indonesian president said that the trade agreement would be signed in the Asian country, after inviting Boluarte to visit his country to celebrate the 50th anniversary of mutual relations.

Indonesian President Prabowo Subianto and Peruvian President Dina Boluarte announced on Thursday the conclusion of negotiations for a trade agreement to boost bilateral trade, which could be signed in six months.

The announcement came after a meeting between Boluarte and Subianto, who arrived in Lima to participate in the Asia-Pacific Economic Cooperation (APEC) leaders' summit.

"We have successfully concluded negotiations for a comprehensive economic partnership agreement between Peru and Indonesia. This agreement will open new opportunities for our businessmen that will allow us to diversify our exports," Boluarte said in a speech alongside the president of the Asian country.

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Indonesia is the fourth most populous country in the world with around 280 million inhabitants. Peru is the world's third largest copper producer.

"I think we had a productive meeting today," Subianto said of the agreement.

"I hope that within six months we will sign it during his visit to Indonesia," he added, announcing his invitation to Boluarte to visit his country to celebrate the 50th anniversary of mutual relations.

"We have decided today to open our markets and give access to Peruvian products and we look forward to a solid bilateral relationship, as well as a context of multilateral relations," he said.