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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BEIJING, Oct. 14 (Xinhua) — The China-Kyrgyzstan social security agreement entered into force on Tuesday, the Ministry of Human Resources and Social Security of China said.
Under the agreement, employees of Chinese companies in Kyrgyzstan will be exempt from basic pension insurance contributions and other social benefits, just like employees of Kyrgyz companies in China.
The agency reported that the agreement's entry into force will effectively protect the rights and interests of workers in both countries in the area of social security, reduce social security contributions for enterprises and workers in both countries, and contribute to the further development of trade and economic relations between the two countries and facilitate human exchanges.
The agreement was signed by China's Minister of Human Resources and Social Security Wang Xiaoping and Chairman of the Social Fund of Kyrgyzstan Baktiyar Aliyev in February of this year in Beijing.
Since 2001, China has signed bilateral social security agreements with 12 other countries, including Germany, the Republic of Korea, Denmark, Finland, Canada, Switzerland, the Netherlands, France, Spain, Luxembourg, Japan and Serbia.
The ministry previously reported that there are approximately 70 enterprises with Chinese capital in Kyrgyzstan, employing approximately 3,000 Chinese workers.
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