China and Kyrgyzstan have inked a groundbreaking social security agreement aimed at enhancing economic collaboration and simplifying cross-border work for employees. The deal, signed Wednesday in Beijing by Chinese Minister of Human Resources and Social Security Wang Xiaoping and Kyrgyzstan's Social Fund Chairman Baktiyar Aliyev, eliminates double pension contributions for workers from both countries.
Economic Boost Through Streamlined Labor Policies
The agreement grants exemptions for Chinese company employees in Kyrgyzstan from basic pension insurance payments, with reciprocal benefits for Kyrgyz businesses operating in China. Analysts see this as a strategic move to deepen bilateral trade ties currently supported by approximately 70 Chinese-funded enterprises employing nearly 3,000 workers in Kyrgyzstan.
Next-Gen Workforce Solutions
This marks China's 13th such agreement since 2001, joining partnerships with Germany, the Republic of Korea, Japan, and nine other nations. The pact reflects growing global demand for flexible labor frameworks that support international entrepreneurship and tech-driven business expansion.
Implementation Timeline
The agreement will take effect after both parties complete domestic legal procedures, potentially creating new opportunities for digital nomads and startups eyeing Central Asian markets.
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China-Kyrgyzstan social security agreement to boost bilateral exchange
cgtn.com
