Labour mobility - Québec signs social security agreement with Indian central government
Québec City, November 26, 2013 - Jean-François Lisée, the Minister of International Relations, La Francophonie and External Trade, has signed a Québec-India social security agreement. India was represented for the occasion by Vayalar Ravi, the Federal Minister for Overseas Indian Affairs. Minister Vayalar Ravi is mandated to serve the numerous Indian nationals who have settled abroad. The overseas Indian community is estimated at nearly 25 million and is spread across some 110 countries.
“The agreement signed to today is historic because it is the first government-to-government agreement between Québec and India, a country with a population of some 1.2 billion. It gives Québec a major competitive edge for attracting Indian companies and facilitating the mobility of employees of Québec companies that are established in India or that want to set up operations there. In addition to adding a tool to the External Trade Development Plan that will help increase trade with and diversify Québec exports to India, this agreement is a direct result of the discussions we had with Minister Vayalar Ravi during the last Québec mission to India,” said Minister Jean-François Lisée.
In general terms, the agreement will facilitate the mobility of workers by coordinating Québec and India’s social security schemes. In concrete terms, the agreement will allow employers and workers to continue to contribute to the pension plan of their territory of origin without also having to contribute to the equivalent plan of the host territory.
Québec exports to India increased by an annual average of 8.9% between 2003 and 2012. Bombardier Aerospace, CGI, Exfo, SNC-Lavalin, Fraco, Innovitech and Premier Tech are some of the Québec companies that have operations in India. In turn, many Indian companies have set up operations in Québec, including Tata Communications, Tata Steel, Tata Consulting Services, Piramal Healthcare, Hexaware Technologies, KBMS - Leadsoft and Arcelor Mittal (Anglo-Indian).
The signing of this agreement will also have a positive impact on the large Indian community in Québec. The 2011 household survey indicated that the community is composed of nearly 50,000 people (born abroad, born in Québec or non-permanent residents), 94% of whom live in the Montréal region.
Québec has signed reciprocal social security agreements with 32 countries since 1979. The purpose of these international agreements to ensure that foreign nationals who settle in Québec and people residing in Québec who move to another country receive the benefits to which they are entitled or will be entitled under the social security schemes of their State of origin or their host State, as the case may be.
Source : Caroline Julie Fortin Press Attachée Office of the Minister of International Relations, La Francophonie and External Trade 418-649-2319Back to list