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

The UK and India have signed a significant free trade agreement aiming to boost collaboration and investment, particularly in the energy sector. The agreement will eliminate tariffs on a wide range of goods and facilitate market access,

Britain and India will sign a landmark 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.