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India and the UK are set to sign a free trade agreement on Thursday during Prime Minister Modi's visit to Britain, Reuters said. Under the deal, India will reduce tariffs on British whisky, cars, and certain food items, while the UK will grant duty-free access to Indian textiles and electric vehicles. Finalized in May after three years of on-and-off talks, the pact aims to boost bilateral trade by easing market access and eliminating key barriers. “This is a significant agreement,” said Foreign Secretary Vikram Misri, noting legal vetting is nearly complete. Trade Minister Piyush Goyal will join Modi for the signing. Modi, on his fourth UK visit since 2014, will also meet Prime Minister Keir Starmer and business leaders to discuss trade, energy, security, and more. Bilateral trade hit $55 billion in 2023/24. Meanwhile, prospects for a U.S.-India interim trade deal are fading ahead of Washington’s August 1 deadline, with talks stalled over tariffs on agricultural and dairy goods.