Britain and India sign free trade pact during Modi visit

Britain and India signed a free trade agreement on Thursday during a visit by Indian Prime Minister Narendra Modi, sealing a deal to cut tariffs on goods from textiles to whisky and cars and allow more market access for businesses. The two countries concluded talks on the trade pact in May after three years of stop-start negotiations, with both sides hastening efforts to clinch a deal in the shadow of tariff turmoil unleashed by United States President Donald Trump. The agreement between the world’s fifth and sixth largest economies aims to increase bilateral trade by a further 25.5 billion pounds ($34bn) by 2040. It is Britain’s biggest trade deal since it left the European Union in 2020, although its impact will be a fraction of the effect of leaving the orbit of its closest trading partner.