New Delhi, May 9 -- In a major step towards expanding bilateral trade and investment engagement, the first round of negotiations for the India-New Zealand Free Trade Agreement (FTA) concluded successfully on Friday in Delhi. The negotiations were held from 5-9 May, an official statement from Ministry of Commerce & Industry said.

This development builds on the shared commitment to deepen economic ties and guidance given by Prime Minister Narendra Modi during the visit of Christopher Luxon, Prime Minister of New Zealand in March, the stament added

The FTA was launched during the meeting between Piyush Goyal, Minister of Commerce and Industry, and Todd McClay, Minister for Trade and Investment of New Zealand on March 16.

The First Round f...