Datuk R Ramanan Ramakrishnan praises APEC Business Travel card initiatives in Malaysia
Datuk R. Ramanan applauds APEC Business Travel card efforts in Malaysia
Having to go through a lengthy immigration clearance procedure just for visitor passes approval might be bothersome. Even though it is undeniable that such process is time consuming, the process of applying visa is necessary to make sure everybody’s safe passage. Nonetheless, it’s quite common for similar procedures to affect business relations. Fortunately, an excellent solution, the Asia Pacific Economic Corporation (APEC) Business Travel Card was introduced to smoothen the process.
Owners of businesses have the ability to apply for the APEC Business Travel Card to obtain more flexibility to travel. This is accomplished through mutual collaboration between governments with the main objective of opening investment opportunities and encouraging free trade. With APEC Business Card, the holders short-term entry can be pre-cleared into countries to trade. This program enables the card holders to steer clear of unneeded rules and requirements.
Individuals skip the whole process of needing to apply for visas and entry permits under personal travel permits and will be able to use this multi entry passes to enter into participating countries on arrival through special APEC lanes.
Datuk Ramanan gave his full support to this particular program, and even applauded the Immigration Department of Malaysia because of their aggressive approach to promote the growth and advancement of the economy at the national level with such a sensible solution.
Datuk R Ramanan Ramakrishan showed his support on the initiate indicating that the APEC Business Travel Card has increased the opportunities for Malaysian entrepreneurs to explore foreign economies within the region. Businesses can now use this privilege thanks to the spectacular effort made by authorities to visit foreign nations and create strong relationship that benefits the whole nation.
At this time, Malaysia, Chile, Vietnam, Thailand, Taiwan, New Zealand, Singapore, Russia, Australia, China, Philippines, Peru, Papua New Guinea, Brunei Darussalam, Mexico, South Korea, Japan, Indonesia, and Hong Kong and are amongst the participants of the APEC scheme. Aside from that, the scheme is also participated by Canada and USA as transitional members.
The program had a tremendous impact for Malaysia, since for some countries, more bureaucratic administration is to be followed. China, for instance, imposes the requirement to make an application for an entry permit beforehand irrespective of whether it is actually a business-related re-entries or even a social pass.
In accordance to a research conducted by the Support Unit of APEC policy, the schemes brought out by the APEC Business Travel Card has led to a considerable reduction in cost of transaction for card holders around 38%. This proves that these efforts not just function in reducing waiting time, but actual travel cost too. Experts agree it is estimated the time saved due to these card holders in March 2010 to July 2011 is 62,413 hours, which happens to be estimated at a value of USD1.9 million.