On September 30, 2015, China and Switzerland reached a Bilateral Social Security Treaty. This Treaty provides that when an employee of an enterprise of either country is dispatched to work in the other country, that employee and the corresponding enterprise will not need to pay mandatory social security insurance premiums, including pension insurance premiums, in the country the employee is dispatched to. This policy allows Swiss enterprises that invest in China to realize substantial savings and enhance their competitiveness. The Treaty will become effective after the legislative procedures of both countries are completed. At this time, China has also signed such bilateral social security treaties with Germany, South Korea, Denmark, Finland and Canada.