Datuk R Ramanan Ramakrishnan’s Point of view on APEC Business Travel Card
Immigration clearance can be the trouble that could require a lengthy process for visitor passes to be approved. This irritating but crucial visa application process is to ensure safe travel and also the proper procedure is observed and afforded to everyone. Still, this time-consuming, although necessary process, may possibly impede business connections. Here is where the APEC Business Travel Card makes things far easier.
Now, companies can apply for the APEC Business Travel Card to enjoy the privilege of travelling more easily. This program is made possible by participating nations with the mutual objective to stimulate free trade and open up opportunities for investment. With the APEC Business Travel Card, businesses can pre-clear their short-term entry into participating countries for business purpose. This approach really helps to steer clear of the excessive rules and formalities which affect business operation.
Datuk R Ramanan APEC Travel Benefit
Individuals who possessed the Card may skip the visa application and entry permit under personal travel application process, and they also will have the option to use the multi-entry passes to take the special APEC lanes as they arrive at the participating countries.
The APEC Business Travel Card scheme received full endorsement from Datuk R Ramanan. The Immigration Department of Malaysia was praised by him because of their effective work towards realization of this effective alternative that can be a catalyst for strong economic growth.
Datuk R Ramanan Support APEC Travel Card
Datuk R Ramanan encouragement was expressed by his remark that the APEC business travel card has established new gateways for businesses in Malaysia to venture into foreign economies conveniently. Local companies could now make full use of the privilege as a result of great contribution made by officers who fostered ties with other countries and this has a positive impact on the national economy.
The most 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 Usa and Canada, on the other hand, moreover took part as transition members.
This programme has a substantial impact on Malaysian businesses, mainly because dealing with some countries used to include bureaucratic administration. Republic of china, among other countries, required social pass or business-related re-entries application to be made earlier.
Being a strong advocate for Indian business people in Malaysia, Datuk R Ramanan stresses on the importance for them to grab the opportunity to bring economic success and advancement to the nation. Stimulation from the Indian community in Malaysia helps as well to promote the full endorsement of APEC Business Travel Card to fortify, nurture and promote the growing businesses.
Corresponding to a research conducted by the APEC Policy Support Unit, the schemes introduced by the APEC Business Travel Card has led to a substantial decrease in transaction cost for card holders around 38%. This proves that these kind of efforts not simply operate in reducing waiting time, but actual travel cost as well. It’s estimated the time saved for these particular card holders in March 2010 to July 2011 is 62,413 hours, which is estimated at a value of USD1.9 million.