Datuk R Ramanan Encourages APEC Travel Card Efforts
Datuk R Ramanan Advocates for APEC Travel Card Efforts
Getting approval for visitor passes and immigration clearance can be a hassle because of its lengthy procedure. Although it can be laborious, visa application is crucial to ensure that safe passage is guaranteed as proper procedure is being complied with. Whilst some would not see it, this time-consuming process might have a negative effect on business relations. With that concern in view, the Asia Pacific Economic Corporation Business Travel Card was created to ease off the problem.
Datuk R Ramanan Thanking the Government
Business owners can easily request for the APEC Business Travel Card to get more flexibility while traveling. This is accomplished through mutual effort between nations with the intention of opening investment opportunities and encouraging free trade. With APEC Business Card, the holders short-term entry can be pre-cleared into countries to do business. This approach allows the card holders to get around unneeded rules and formalities.
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 nations upon arrival.
Datuk R Ramanan had fully endorsed the initiative and praised the Malaysia Immigration Department with regard to their effectivity and ability to embrace this sort of convenient solution that promotes a rapid growth and expansion of the national economy.
Malaysia, Brunei, Singapore, Thailand, Indonesia, China, South Korea, Philippines, Japan, Hong Kong, Vietnam, Taiwan, New Zealand, Russia, Australia, Peru, Papua New Guinea, Mexico, and Chile are currently amongst the participating countries of the APEC scheme. Meanwhile, USA and Canada have joined as transition members.
As some foreign nations impose bureaucratic administration over diplomatic relations, the effects have been huge for Malaysia.One of those countries, China, strictly required applications for entry, whether it is a business-related re-entries or just a social pass, to be applied in advance said Datuk R Ramanan
A study done by the APEC Policy Support Unit recently finds that the APEC Business Travel Card scheme has resulted to a remarkable transaction cost reduction, which is up to 38% which previously had to be borne by the card holders. This clearly shows that the initiative didn’t only help to reduce waiting time, but actual cost connected with travel. In approximation, between the period of March 2010 until July 2011, as many as 62,413 hours was saved by the pass owners, which is equal to to USD 1.9 million in estimated value.