Central African Republic Justice Minister Paul Otto and the leader of the opposition Democratic Front, Abdoulaye Miskine, signed the peace accord in the Libyan town of Sert.
Libyan leader Col Muammar Gaddafi and some diplomats were also present.
The opposition leader of the other main rebel movement, Abakar Sabon, is expected to sign this peace accord from his prison cell in the west African country of Benin, where he is currently being held, the BBC's Rana Jawad in Sert says.
This latest peace deal is seen as a significant step for the Central African Republic's national reconciliation process, but it remains to be seen whether it will be implemented on the ground, our correspondent says.
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