February 17, 2010 7:56 PM

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India, Denmark sign social security pact to protect their workers

India and Denmark have signed a social security pact to protect their workers from double payment of social security contributions. Under the agreement, which was signed in New Delhi today, workers on short term contract will not be required to make any social security contribution in the country of employment provided they continue to make such payment in the country of their origin. <br/><br/>These employees will only be subjected to social security regulations and laws of their own country. According to the Secretary, Ministry of Overseas Indian Affairs, A. Didar Singh who signed the agreement for India, the pact will help increase trade and investment between the two countries because of reduction of corporate expenses on social security. <br/><br/>It was also decided that a joint working group will come out with the detailed frame work to periodically examine the implemention of the agreement. The agreement will come into effect after necessary procedures are completed by both the countries. India has already signed an MoU with Denmark for ensuring smooth and safe migration of Indian workers there. <br/><br/>At present, thirteen thousand Indians are working in Denmark.<br/>AIR correspondent says India has already signed social security agreements with Belgium, France, Germany. <br/><br/>Switzerland, Luxumburt and the Netherlands in the recent past. Similar agreements with other countries like Canada, South Korea, USA and Czech Republic are in the pipeline.<br/>

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