New Delhi, April 24: As India and New Zealand prepare to sign a Free Trade Agreement (FTA) on Monday, both sides are expected to benefit from expanded trade ties and improved market access, New Zealand Prime Minister Christopher Luxon has said.

Taking to the social media platform X, Luxon said, “We will sign a Free Trade Agreement with India on Monday.”

In a video message, Luxon said the agreement would improve market access for New Zealand exporters, particularly manufacturers of marine jet systems used in boats and exported to over 70 countries.

He added that the deal would help reduce trade barriers and strengthen commercial engagement between the two countries.

He also noted that certain exporters currently face tariffs while accessing the Indian market, and said the agreement would gradually ease such duties, improving competitiveness and supporting higher trade flows.

Luxon said the FTA would support increased business activity, employment opportunities and economic growth in New Zealand, while also strengthening bilateral trade linkages with India.

He added that the agreement would bring ‘more jobs, higher wages and more opportunities,’ highlighting the broader economic impact of the deal.

Once signed, the FTA is expected to expand trade and investment ties between the two countries and enhance export opportunities on both sides in a large and growing global market environment.

Earlier this month, legal verification of the New Zealand-India FTA was completed, with both countries agreeing to sign the pact on April 27 in the presence of a large contingent of business representatives, New Zealand Trade and Investment Minister Todd McClay said.

In a statement, McClay described the agreement as a “once-in-a-generation opportunity,” saying it would strengthen bilateral trade relations and provide improved access to each other’s markets.

He said that amid global economic and geopolitical uncertainty, strengthening trade partnerships remains important for long-term economic stability.

McClay added that signing the FTA would allow New Zealand to formally initiate parliamentary treaty examination, enabling public scrutiny of the agreement.

Tehran, April 23: South Korea’s special envoy to Iran has met with Iranian Foreign Minister Abbas Araghchi in Tehran, an Iranian social media post showed on Thursday, as Seoul seeks to ensure the safety of its vessels and seafarers stranded in the Strait of Hormuz amid the West Asia tensions.

Chung Byung-ha, special envoy for South Korea’s foreign minister, expressed hope in his meeting with Araghchi that diplomatic efforts would bring a definite end to the conflict and lead to peace and stability in the region, a Telegram post by Iran’s foreign ministry showed.

Chung also noted the importance of developing bilateral relations between Seoul and Tehran, reports Xinhua news agency.

Echoing Chung’s remark on their ties, Araghchi expressed Iran’s readiness to cooperate in that regard.

Regarding Iran’s blockade of the Strait of Hormuz, Araghchi defended the measure as an effort to safeguard its national security and interests, saying that “responsibility for any resulting consequences lies with the parties carrying out the aggression,” according to the post.

Twenty-six South Korea-related ships and 173 Korean crew members remain stranded in the vital waterway blocked by both Iran and the United States.

South Korea has been in talks with Iran and neighbouring countries to ensure their safety, sharing details of the vessels and crew with relevant parties, including Iran and the US.

The tensions in West Asia escalated after the US and Israel carried out a joint military operation against Iran. The joint military strikes killed the former Supreme Leader, Ayatollah Ali Khamenei, triggering a large-scale military operation by Iran against Israel and the US bases in the Gulf nations.

The conflict also led to the closure of the Strait of Hormuz, which triggered a global energy crisis.

Washington, April 22: Israel and Lebanon are expected to hold their second ambassador-level talks at the US State Department in Washington, US media reported.

Israel and Lebanon will again be represented by their ambassadors to the United States, Yechiel Leiter and Nada Hamadeh Moawad, respectively.

A 10-day ceasefire between Israel and Lebanon came into effect at midnight between Thursday and Friday, following weeks of intensified cross-border fighting amid the US-Israeli war against Iran, reports Xinhua news agency.

The truce has remained fragile as tensions along Lebanon’s southern border continue. Lebanon’s official National News Agency reported that Israeli forces escalated operations across southern Lebanon at dawn on Tuesday, carrying out widespread demolitions, stepping up aerial surveillance, and issuing evacuation warnings despite the ceasefire.

Israel and Lebanon have no formal diplomatic relations, and Hezbollah has long been viewed by Israel as a “proxy” of Iran. The negotiating party with Israel is the Lebanese government, not Hezbollah.

Meanwhile, Hezbollah said it launched rockets and attack drones at an Israeli artillery position in the settlement of Kfar Giladi on Tuesday evening, marking an escalation despite an ongoing ceasefire.

The group said in a statement that the attack targeted the source of recent Israeli artillery fire toward the Lebanese town of Yahmar al-Shaqif, describing the strike as a response to what it called repeated Israeli violations of the ceasefire since it took effect, including attacks on civilians and destruction of homes in southern Lebanon.

A US-backed 10-day ceasefire between Israel and Lebanon came into force at midnight between Thursday and Friday, following weeks of intensified cross-border fighting, although the truce has remained fragile.