Jakarta, Oct. 16 -- Indonesia and Timor-Leste have signed a bilateral investment treaty to deepen economic ties and encourage cross-border investment, the Indonesian Ministry of Investment and Downstreaming said.

The treaty was signed in Jakarta on Thursday by Indonesian Investment and Downstreaming Minister Rosan Perkasa Roeslani and Timor-Leste's Deputy Prime Minister and Coordinating Minister for Economic Affairs Francisco Kalbuadi Lay.

Rosan said the pact establishes a legal and institutional framework to deepen economic integration by aligning policies, streamlining regulations and accelerating investment.

"We believe there is tremendous potential for collaboration that we can explore and develop together," Rosan said.

The signin...