Substantial Agreement on Negotiations with respect to an Agreement between Japan and India on Social Security
May 30, 2012
- The Government of Japan and the Government of the Republic of India have reached substantial agreement on an Agreement between Japan and India on Social Security (hereinafter referred to as "Agreement"), as a result of its Fourth Round of intergovernmental negotiations which has been held from Monday, 28 May in Tokyo.
- Employees sent from Japan to India as well as those sent from India to Japan are currently obliged to affiliate to the social security systems of both countries thus causing duplicable payments of social security contribution which impose a huge economic burden on both individuals and corporations. It is expected that the conclusion the Agreement will solve these problems through reducing the burden imposed on the employees and corporations, and further promote human and economic exchanges between the two countries.
- Both sides will continue necessary work for an early signature of the agreement.
- (*The foregoing is a provisional translation. The date indicated above denotes the date of issue of the original press release in Japanese.)