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.

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

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 groundwork for the India-UK FTA was laid in May 2021 when then British Prime Minister Boris Johnson and PM Modi announced an “Enhanced Trade Partnership,” paving the way for full-fledged talks.

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.

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.

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,

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