Datuk R Ramanan praises APEC Business Travel card efforts in Malaysia
Datuk R Ramanan Speaks of the APEC Business Travel Card
The procedure of granting visitor passes and immigration clearance had commonly been well known for its time-consuming and complicated process. This kind of problem to make visa application was once unavoidable in order to maintain proper procedure and ensure safe passage for everyone. However, this time-consuming process had a negative impact on business relations. After many years of examining the possible solutions, the Asia Pacific Economic Cooperation (APEC) Business Travel Card was finally revealed.
Business owners could now apply for the APEC Business Travel Card to get more flexibility while traveling. This is accomplished through mutual collaboration between governments with the target 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 process allows the card owners to steer clear of excessive rules and procedures.
The previously required procedure to get entry permits under personal travel permits and visas may now be skipped. moreover, special APEC lanes are made available to the card holders when entering participating countries when they arrive.
Datuk R Ramanan Support The Initiative of Apec Travel
Giving his full support, Datuk R. Ramanan had also complimented the Immigration Department for their exertion in realizing such a shrewd solution that can lead to the national economic growth and progression.
Datuk R. Ramanan additionally supported this move by stating that the APEC Business Travel Card has opened doors for Malaysians to venture freely into other economies. Now businesses can take advantage of these benefits owing to the good work of these Immigration officers who travel to other countries to foster ties and to bring ease into our lives.
To date, the countries who have become a part of the APEC scheme are Vietnam, Thailand, Taiwan, Singapore, Russia, Philippines, Peru, Papua New Guinea, New Zealand, Mexico, Malaysia, South Korea, Japan, Indonesia, Hong Kong, China, Chile, Brunei Darussalam, and Australia. Not just that, the program had also attracted the United States of America and Canada to become its transitional members.
The effects are substantial for Malaysia, as diplomatic ties with certain countries involves more bureaucratic administration, for example, Republic of China, where limitations on entry has to be applied upfront, no matter whether it’s a social pass or re-entries related to business.
Datuk R Ramanan is a strong advocate for Malaysian Indian businesspeople, and stresses that it really is essential for all of them to take full advantage of such a flexibility to bring economic success and growth to the country. The reinforcement of the Malaysian Indian community likewise helps cement and fully utilise the opportunity of all sectors of people to inspire and foster young and burgeoning businesses.
According to a study carried out by the APEC Policy Support Unit, the APEC Business Travel Card assists to lower transactional cost for its holders for up to 38%. This finding shows that the initiative works both saves time and actual cost utilised on travelling. Based on estimation, the cummulative time saved for the APEC Business Travel Card holders between March 2010 to July 2011 is 62,413 hours, which in monetary form, is valued at USD1.9 million.