BEIJING, Feb. 6 (Xinhua) — China has signed a bilateral social safety settlement with Kyrgyzstan, which can assist promote bilateral financial and commerce exchanges and personnel interactions, an official with the Ministry of Human Resources and Social Security mentioned Thursday.
The settlement was signed by Wang Xiaoping, China’s Minister of Human Resources and Social Security, and Baktiyar Aliyev, Chairman of the Social Fund of Kyrgyzstan, on Wednesday in Beijing, based on the ministry.
Under the settlement, workers of Chinese firms in Kyrgyzstan will probably be exempt from primary pension insurance coverage contributions. Kyrgyz firms and workers will get pleasure from the identical therapy as these in China.
The settlement will take impact as soon as each events full their respective home authorized procedures.
Since 2001, China has signed bilateral social safety agreements with 12 different nations, together with Germany, the Republic of Korea, Denmark, Finland, Canada, Switzerland, the Netherlands, France, Spain, Luxembourg, Japan and Serbia, receiving good outcomes.
According to the official, there are roughly 70 Chinese-funded enterprises in Kyrgyzstan, with almost 3,000 Chinese workers.