Follow by Email

Search This Blog

Thursday, August 04, 2016

Social Security Agreement between India & Japan for International Workers W.E.F 1st Oct 2016

Dear all,

Social Security Agreement (SSA) between India and Japan was signed in Tokyo on November 16, 2012. The Ministry of External Affairs (Investment, Technology Promotion and Energy Security Division), the competent authority for negotiating and concluding SSAs along with the Employee’s Provident Fund Organization (EPFO) has completed the formalities for the Agreement to enter into force.

Social Security Agreement (SSA) between India and Japan was signed in Tokyo on November 16, 2012. The Ministry of External Affairs (Investment, Technology Promotion and Energy Security Division), the competent authority for negotiating and concluding SSAs along with the Employee’s Provident Fund Organization (EPFO) has completed the formalities for the Agreement to enter into force. Now therefore, the Agreement on Social Security between India and Japan shall enter into force with effect from 1st October, 2016

The Implementing Arrangement under the SSA and the Administrative Arrangement for implementation of the agreement between the two countries were exchanged on 9th June 2016. Earlier today the two sides have exchanged Note Verbales in accordance with Article 28 of the Agreement notifying the completion of the respective constitutional and legal procedures required for the entry into force of the Agreement. The Article 28 also mentions that the Agreement shall enter into force on the first day of the fourth month following the date of receipt of last notification.

As on date, India has signed and operationalized similar comprehensive Social Security Agreements (SSAs) with 15 countries. They are Belgium, Canada, Czech Republic, Denmark, Finland, France, Hungary, Luxembourg, Netherlands, Norway, Sweden, Switzerland, South Korea, Austria, and Australia. We have also signed a comprehensive SSA with Portugal, which is in the process of getting operationalized. 

In addition, we have a partial SSA with Germany, which is already operationalized. The comprehensive SSA between India and Japan when operational from 1st October 2016 will favourably impact the profitability and competitive position of Indian and Japanese companies with foreign operations in either country by reducing their cost of doing business abroad. Thousands of Indian and Japanese workers who are working in Japan and India respectively will benefit from the agreement. The SSA will also help more Japanese companies to consider India as a destination for their manufacturing investments.