India, Sweden Sign Social Security Accord For Workers

28 Nov 2012


Immigration News

 

To boost bilateral trade and workers' migration, India Monday inked an agreement to ensure 18,000 overseas Indians living and working in Sweden get social security benefits in the host country too.

The social security agreement was signed by Overseas Indian Affairs Minister Vayalar Ravi and Swedish Social Security Minister Ulf Kristersson here.

"The agreement will enhance cooperation on social security between the two countries," Ravi told reporters soon after the accord was signed.

The benefits the social security agreement with Sweden will bring to Indian professionals and self-employed living there include exporting their social security benefits to India if they relocate here after completion of their service in Sweden.

For short-term contract of up to two years, no social security contribution would need to be paid under the Swedish law by the detached workers, provided they continue to make social security payments in India.

These benefits would be applicable to professionals sent to work in Sweden as employees from third country by Indian companies.

The self-employed Indians in Sweden would also be entitled to export their social security benefit on their relocation to India.

The period of contribution in one contracting state will be added to the period of contribution in the second contracting state for determining the eligibility of social security benefits.

"There is a huge potential for Indian workers to take employment in Sweden owing to the huge labour supply gap in the market," Ravi said.

"As such, a bilateral social security agreement with Sweden is a significant requirement from the futuristic point of view to take advantage of the emerging employment opportunities and to strengthen the trade and investment between the two countries," he said.

India has signed similar agreements with Belgium, Germany, France, Switzerland, the Netherlands, Luxembourg, Hungary, Denmark, the Czech Republic, South Korea, Norway, Finland, Canada, and Japan.

Source: http://timesofindia.indiatimes.com/business/india-business/India-Sweden-sign-social-security-accord-for-workers/articleshow/17384380.cms


QUICK ENQUIRY

  • Send me regular updates and alerts
This has been a perfect service. Vamsi has ...

Axxxxx xxxxx
Australia

AUSTRALIAN VISA...

Processing visa through Opulentus has been an awesome ...

Sxxxxxxx xxxxxxxxxxxxI
Australia

AUSTRALIAN VISA...

The process at Opulentus is smooth, transparent and ...

Vxxxxxx xxxxxxx
Australia

AUSTRALIAN VISA...

It was a good experience with opulentus team, ...

Sxxxxxxx xxxxxxA
Australia

AUSTRALIAN VISA...

It had been very good journey and experience ...

Jxxxxxx xxxxxxA
Australia

AUSTRALIAN VISA...

PR process along with Opulentus was very smooth. ...

Pxxxxxxxxx xxxxxA
Australia

AUSTRALIAN VISA...

From the first day of me walking in ...

Nxxxxxxxxx xxxxxxxx
Australia

AUSTRALIAN VISA...

I would like to thank OPULENTUS and Mrs.Ashwini ...

Vxxxxxxx xxxxxxxxxxx
Australia

AUSTRALIAN VISA...

Hi, The journey of getting the VISA was smooth ...

Dxxxxxx xxxxxxxxI
Australia

AUSTRALIAN VISA...

I would like to take this opportunity to ...

Hxxxxxxxxx xxxxxxxxxN
Australia

AUSTRALIAN VISA...

View All