July 24 (UPI) -- Britain and India agreed to a free trade agreement between their two nations Thursday.

Britain's Prime Minister Keir Starmer and Indian Prime Minister Narendra Modi have sealed a major trade agreement that will reduce tariffs on products like Scotch whisky and Indian spices. This is a photo gallery curated by AP photo editors.

India and the UK have signed a landmark free trade agreement, in what both sides are calling a "historic day" in bilateral ties. The US$6.5-billion deal was officially inked during Indian Prime Minister Narendra Modi's two-day official visit to Britain.

The Comprehensive Economic Trade Agreement (CETA) aims to increase the two-way trade between India and the UK to $112 billion by 2030., India News, Times Now

Under the FTA, 75,000 Indian workers would be exempted from UK social security payments for a period of 3 years. Indians working as chefs, yoga instructors, and musicians, as well as business visitors, would benefit from the exemption.

The U.S. and China have reached an agreement — again — to deescalate trade tensions. China is making it easier for U.S. companies crucial magnets and rare earths materials.

Commerce Secretary Howard Lutnick confirmed on Sunday that President Trump intends to renegotiate the U.S.-Mexico-Canada Agreement.

President Donald Trump said Tuesday he and President Ferdinand Marcos Jr. of the Philippines have reached a trade agreement. Shortly after, he also revealed more detailed terms of an agreement with Indonesia.

Indian Prime Minister Narendra Modi arrived in London on Wednesday evening ahead of meetings with UK Prime Minister Keir Starmer.

India's new trade agreement with the UK marks a significant shift in its government procurement policy, allowing British firms extensive access to contracts. Seen as a move away from domestic industrial focus,