India and Japan have sealed a social security pact that will ease the
economic burden on their nationals working in each other’s country.
Japan’s Ministry of Foreign Affairs on Wednesday announced that the
pact has been concluded during the fourth round of negotiations between
the two sides in Tokyo.
Japan's
Foreign Minister Gemba shakes hands with his Indian counterpart Krishna
during a photo opportunity ahead of their meeting in New Delhi. Reuters
The pact will exempt employees sent from Japan to India and those
from India to Japan from making any social security contribution in the
country of employment, provided they continue to make these payments in
the country of their origin.
The conclusion of the agreement is expected to reduce the burden
imposed on the employees and corporations, and promote human and
economic exchanges.
Both sides will continue necessary work for an early signature of the agreement, the ministry said.
When Japanese Foreign Minister Koichiro Gemba visited India
April-end, the two sides had decided to accelerate the conclusion of
this crucial pact.
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