New Delhi, March 16 -- India and New Zealand have launched negotiations for a "comprehensive and mutually beneficial" Free Trade Agreement (FTA), the Union commerce ministry said in a statement Sunday, minutes after the Kiwi Prime Minister Christopher Luxon landed in New Delhi for a five-day official visit.

"With bilateral trade continuing to grow steadily, surpassing USD 1 billion during April-January 2025, the FTA negotiations aim to unlock new avenues for businesses and consumers, fostering mutual growth and prosperity of our nations, Union Minister Piyush Goyal said in a post on X.

The India-New Zealand FTA negotiations aim to achieve balanced outcomes that enhance supply chain integration and improve market access.

"This milestone...