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"hold negotiations" is a correct and commonly used phrase in written English.
It means to engage in discussions or talks with someone in order to reach an agreement or find a solution to a problem. Example: The two countries have been unable to resolve their border dispute and have decided to hold negotiations to find a peaceful solution.
Exact(38)
We will hold negotiations in Kabul.
"This is why they hold negotiations all night.
Willamette will also continue to hold negotiations with Georgia-Pacific.
District Council 37 will next hold negotiations with the city on Monday.
Pakistan agreed to resume sports matches and to hold negotiations on air links.
Over the weekend, attention is expected to shift back to Copenhagen, where environment ministers are to hold negotiations.
Similar(19)
The sides held negotiations Saturday, the first since Oct. 18.
Is this a reason to reject holding negotiations?
The two sides have not held negotiations in months.
The Iraqi and British governments are holding negotiations on a withdrawal agreement for the British troops.
The move allows Transatlantic to begin holding negotiations with Berkshire under the terms of its merger agreement with Allied.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com