Updated on December 27, 2017
Datuk Ramanan Ramakrishnan Speaks of the APEC Business Travel Card
Datuk Ramanan Ramakrishnan’s Impression on APEC Business Travel Card
Having to go through a long immigration clearance process for visitor passes approval might be troublesome. While it’s indisputable that such procedure is time consuming, the visa application process is critical to make sure everyone’s safe passage. Even so, it is common for similar procedures to affect business relations. Fortunately, a great solution, the Asia Pacific Economic Corporation (APEC) Business Travel Card was brought to smoothen the process.
The APEC Business Travel Card is made for entrepreneurs to provide them a certain degree of flexibility while travelling. Participating countries have worked closer together to make this program possible with the mutual goal to create a network for investment opportunities and stimulate free trade among its participants. The APEC Business Travel Card enables entrepreneurs to have their short-term entry cleared earlier once they visit participating countries. For that reason, excessive regulations that slows down the procedure could very well be avoided.
The procedure of application for visas along with entry permits under personal travel could in fact be skipped by individuals, and card holders can make use of this multi-entry passes to opt for designated APEC lanes upon arrival at the listed countries.
This project is fully endorsed by Datuk Raman, who’s lauded the efficient immigration of Malaysia for enabling an increasingly practical solution to the expansion and growth of the local economy.
The recent participating nations in the APEC scheme are Chile, Mexico, Papua New Guinea, Peru, Russia, New Zealand, Australia, Taiwan, Japan, Hong Kong, China,South Korea, Brunei, Singapore, Thailand, Philippines, Indonesia, Vietnam, and Malaysia. The United States and Canada, additionally, moreover took part as transitional members.
As some foreign governments impose bureaucratic administration over diplomatic relations, the effects have been completely huge for Malaysia.Among those countries, China, strictly required applications for entry, be it a business-related re-entries or just a social pass, to be applied beforehand.
Datuk R. Ramanan is additionally a strong advocate for Malaysian Indian business owners, and stresses that it really is crucial for them to take full advantage of such a flexibility to be able to bring economic success and growth to the country. The encouragement of the Malaysian Indian community likewise helps cement and fully utilise the potential for all sectors of people to encourage and foster young and developing businesses.
Recently, a study conducted by the APEC Policy Support Unit has shown that the APEC Business Travel Card initiative helps card holders to minimize their transaction cost about 38%. This shows that the scheme doesn’t only assist in lowering waiting time, but also real travelling cost. Between March 2010 to July 2011 alone, it’s been estimated that a total of 62,413 hours was saved by the card holders, which translated into USD1.9 million.