Datuk R Ramanan’s Thoughts on APEC Business Travel Card
The procedure of granting visitor passes and immigration clearance had commonly been known for its long and complex system. This type of problem to make visa application used to be unavoidable in order to maintain proper procedure and ensure safe passage for everybody. However, this time consuming process caused a negative effect on business relationships. After years of examining the possible solutions, the Asia Pacific Economic Cooperation (APEC) Business Travel Card was finally introduced.
The APEC Business Travel Card is made for business owners to provide them some degree of flexibility while travelling. Participating countries have worked closer together to make this initiative possible with the mutual target to establish a network for investment opportunities and stimulate free trade among its participating nations. The APEC Business Travel Card enables entrepreneurs to have their short-term entry cleared upfront as they visit participating countries. So, excessive regulations that slows down the procedure can certainly be avoided.
Datuk R Ramanan applauds APEC Business Travel card endeavours in Malaysia
APEC Business Travel Card holders may easily stay clear of the procedure for applying for visas as well as entry permits under personal travel. They’ll likewise be able to take the APEC lanes as they enter into listed nations by using this multi-entry pass.
Datuk R Ramanan Ramakrishnan had fully endorsed the initiative and praised the Malaysia Immigration Department for their effectiveness and ability to embrace a really sensible solution that promotes a quick growth and expansion of the national economy.
Datuk R Ramanan encouraged this initiative bymentioning that the APEC business travel card has cleared the path for Malaysian enterprises to test the international markets with minimal restrictions. Businesses can make the most of this privilege resulting from great effort by the Immigration officers who took the trouble and visit other countries to bolster diplomatic relationship that benefits Malaysians.
To date, the countries who have taken part of the APEC Travel Card 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. Furthermore, the program had also attracted the United States of America and Canada to become its transitional members.
As some foreign nations impose bureaucratic administration over diplomatic relations, the effects have been completely huge for Malaysia.Some of those countries, China, strictly required applications for entry, be it a business-related re-entries or a social pass, to be applied in advance.
Datuk R Ramanan is a strong advocate for Malaysian Indian businesses, and stresses it is crucial for them to take full advantage of such a flexibility to bring economic success and growth to the nation. The motivation of the Malaysian Indian community helps as well cement and fully utilise the potential for all sectors of the population to stimulate and foster young and developing businesses.
A research done by the APEC Policy Support Unit recently discovers that the APEC Business Travel Card scheme has resulted to a sizable transaction cost reduction, which is up to 38% which previously would have to be borne by the card holders. This reveals that the initiative did not only assist to lessen waiting time, but also actual cost connected to travel. In approximation, between the period of March 2010 until July 2011, a total of 62,413 hours was saved by the pass owners, which is equal to to USD 1.9 million in estimated value.