Britain and India sign free trade pact during Modi visit

UK Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi formally signed a free trade agreement in London on Thursday, promising tariff cuts and increased market access for both economies.

The agreement aims to increase bilateral trade by approximately 34 billion U.S. dollars, marking Britain's most significant bilateral trade deal since Brexit.

The pact reduces India's average tariff on UK goods from around 15 percent to 3 percent, including the immediate halving of tariffs on Scotch whisky from 150 percent to 75 percent and duties on British automobiles from over 100 percent to roughly 10 percent.