NEW DELHI (Reuters) - India and the UK have decided to resume talks on a proposed trade agreement, Indian Trade Minister Piyush Goyal said on Monday, adding that the countries will look to speed up negotiations.

India slashed tariffs on bourbon whisky to 100 per cent from 150 per cent after Trump's criticized "unfair" levies in the South Asian market.

Indian Prime Minister Narendra Modi will come bearing gifts when he meets Donald Trump on Thursday, hoping concessions on tariffs, fresh business deals and the prospect of cooperation on China

India’s commerce minister will meet his British counterpart in New Delhi on Monday to revive talks on a trade deal between the two nations, at a time when the US President has unleashed a dramatic shift in global economy with his multiple plans for new tariffs.

Jonathan Reynolds, the UK's business and trade secretary, met his Indian counterpart Piyush Goyal in Delhi on Monday and kicked off the two-day discussions. The talks focused on "advancing" the negotiations and ensuring that the deal was "balanced,

India and the UK have resumed negotiations towards a Free Trade Agreement (FTA) between the two nations, the Ministry of Commerce and Industry said in a statement on Monday. Also Read: Zelenskyy proposes 'all-for-all' prisoners' swap as first step toward ending war on invasion anniversary This announcement has been made by the Union Commerce and Industry Minister Piyush Goyal and his UK counterpart

The UK and India are set to relaunch negotiations to clinch a multi-billion-pound Free Trade Agreement. UK Business and Trade Secretary Jonathan Reynolds is in New Delhi to meet his Indian counterpart,