The foreign ministers of India and Pakistan hailed a “new era of cooperation” Wednesday, after meeting for the first time since peace talks between the two nuclear-armed neighbors resumed earlier this year.

Although the talks in the Indian capital, New Delhi, produced no major breakthroughs, Indian Foreign Minister S.M. Krishna said bilateral relations were on the right track.

His Pakistani counterpart, Hina Rabbani Khar, said Pakistan wants to open a new chapter of amity and understanding between the two countries, adding younger generations in both India and Pakistan are hopeful for better relations than in past decades.

During the meeting, the two officials reiterated their commitment to work together to combat terrorism and increase trade. They also agreed on several measures to improve life for Kashmiris, such as doubling the opportunity for traders to cross the so-called “Line of Control” dividing the disputed region from two to four days a week and expanding travel for tourism and religious pilgrimages.

Before the meeting, Krishna told reporters that cooperation with Pakistan is in the interest of peace, not only for the two nations, but for “the entire region and beyond.”

Peace talks between the South Asian neighbors resumed in February, more than two years after an attack by Pakistani militants in India's financial capital, Mumbai, killed 166 people in 2008.

Kashmir is divided between India and Pakistan and claimed in full by both. The two countries fought two wars for control of the region.

Muslim separatists have been fighting since 1989 for Kashmir's independence from India or a merger with Pakistan. The insurgency has killed more than 47,000 people.