New Delhi, March 16 -- India and New Zealand on Sunday announced the launch of negotiations for a comprehensive and mutually beneficial Free Trade Agreement (FTA) negotiations. The announcement came as New Zealand Prime Minister Christopher Luxon received a warm welcome as he arrived in Delhi for his first official visit to the country.

According to a statement by the Ministry of Commerce and Industry, the significant step was marked by a meeting between Minister for Commerce and Industry, Piyush Goyal, and Todd McClay, New Zealand's Minister for Trade and Investment, laying the foundation for a momentous partnership towards strengthening the economic and trade ties between the two countries.

Both the nations "share a longstanding partn...