Datuk R Ramanan Speaks of the APEC Business Travel Card
Obtaining clearance for immigration was commonly considered as a difficulty mainly because of the lengthy process visitor passes took to be approved. Despite its inconvenience, such protocol of visa application is vital to ensure safe passage and proper procedure. This became an obstacle in maintaining good business relationships. Consequently, concerns from the stakeholders had led to the introduction of the Asia Pacific Economic Corporation (APEC) Business Travel Card to do away with the concerns.
Entrepreneurs can now obtain APEC business travel card to enjoy more flexibleness while on travel. In an effort to open investment opportunities and stimulate free trade, the governments from participating nations have been working together to realize this objective. The possessors of the APEC business travel card can pre-clear their short-term entry into the listed countries for business purposes, and this can help to prevent them from dealing with unnecessary red tapes.
Individuals bypass the process of having to apply for visas and entry permits under personal travel permits and will also be able to utilize this multi entry passes to enter into participating nations on arrival through special APEC lanes.
Datuk R Ramanan’s Opinion on APEC Business Travel Card
Datuk Ramanan Ramakrishnan had fully endorsed the initiative and praised the Malaysia Immigration Department for their effectiveness and ability to embrace a really functional solution that promotes a quick growth and advancement of the national economy.
Datuk Raman’s encouragement was expressed by his remark that this APEC business travel card has created new gateways for businesses in Malaysia to venture into foreign economies effortlessly. Local companies are now able to make full use of the privilege resulting from great effort made by officers who fostered ties with other countries and this has a positive impact on the national economy.
The nations that are presently taking part in the APEC scheme include Australia, Brunei Darussalam, Chile, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, and Vietnam. Canada and the United States are transitional members of the program.
As some foreign authorities impose bureaucratic administration over diplomatic relations, the effects have been completely huge for Malaysia.Some of those countries, China, strictly required applications for entry, whether it is a business-related re-entries or simply a social pass, to be applied in advance.
The APEC Business Travel Card scheme inception, according to a study carried out by the APEC Policy Support Unit, resulted in an outstanding 38% transaction cost reduction for card holders. This finding sends the signal that the energy led to both a reduction of waiting time and also travelling expenses. From March 2010 until July 2011, card holders have were able to save 62,413 hours, which converts into USD 1.9 million in approximate value.