At a joint press conference with the US President on 25 February at Hyderabad House in New Delhi, Prime Minister Modi said: “I have asked President Trump to continue to discuss the contribution of our social security experts as part of a totalization agreement. We will both be interested in that. “The question of totalization has also arisen. There was a feeling that Indian pros who spend less than eight years and contribute to social security… really need to get that money back,” Shringla said Tuesday. Both countries will continue to address the issue, which could be beneficial to both sides. This was a long-standing request from India and, as the case escalated, it is now expected to help accelerate it. New Delhi and Washington had several roundtable discussions on a totalization agreement a decade ago. But the talks were suspended because the United States said that India had not been able to offer its citizens enough social security and that the two countries` systems were too incompatible for a pact to be drawn up. “Once signed, the agreement would benefit workers in both countries and ensure equal treatment,” Singla said in a statement. Indian factories pay taxes on their income in the United States. Either they can receive all social security benefits after eight years, or their work visas are extended beyond 10 years so they are not affected and receive all benefits on an equal footing with U.S.
citizens, he added. The United States remained India`s largest trading partner in 2019/20 for the second year in a row. According to Commerce Department data, bilateral trade between the United States and India was $88.75 billion in 2019-20, up from $87.96 billion in 2018-19. The United States is one of the few countries with which India has a trade surplus. The trade gap between countries has increased from $16.86 billion in 2018-19 to $17.42 billion in 2019-20, according to data. On the other hand, the United States wants better market access for its agricultural and manufacturing products, dairy products and medical devices, in addition to reducing import duties on certain information and communication technology products. The United States also expressed concern about the large trade deficit with India. “I told President (US) Trump that the contribution of our Social Security experts should be discussed further as part of a totalization agreement.
It will be of mutual interest to both of us,” Narendra Modi told reporters in New Delhi with Trump. If you have any questions about international social security agreements, please contact the Office of International Social Security Programs at 410-965-3322 or 410-965-7306. However, do not call these numbers if you want to inquire about a right to an individual benefit. He also said that India wanted to negotiate a preferential trade agreement for 50-100 goods and services with its first trading partner. There are signs that the negotiations are focused on discussions to improve Indian generic drug access to the U.S. market. “In the absence of a SSA with the U.S., Indian employees face a difficult time, as billions of dollars of their revenues are invested in it. On the other hand, American workers in India do not suffer because compulsory social security in India is too low for an American worker,” said Shankar Agarwal, former union secretary of the Union. Prime Minister Narendra Modi spoke of the need for the totalization agreement, while Foreign Minister Harsh Vardhan Shringla said that the two issues relating to the H-1B visa, which has a direct impact on the IT sector, and totalization agreements with the US authorities were addressed. Indian workers, especially computer scientists, make huge social security contributions in the U.S.
social security system while working in the United States, but most of them return home before before
