Dato Ramanan Ramakrishnan Speaks of the APEC Business Travel Card
Dato Ramanan Ramakrishnan praises APEC Business Travel card initiative in Malaysia
Going through a lengthy immigration clearance process for the purpose of visitor passes approval tends to be problematic. While it is indisputable that such procedure is laborious, the visa application process is important to ensure everybody’s safe passage. Nonetheless, it is common for similar procedures to affect business relations. Fortunately, an ideal solution, the Asia Pacific Economic Corporation (APEC) Business Travel Card was brought to smoothen the process.
Owners of businesses could apply for the APEC Business Travel Card to obtain more flexibility while traveling. This is achieved through mutual partnership between nations with the aim of opening investment opportunities and stimulating free trade. Using the APEC Business Card, the holders short-term entry can be pre-cleared into countries to trade. This procedure enables the card holders to steer clear of excessive rules and formalities.
The whole process of application for visas along with entry permits under personal travel could very well be skipped by individuals, and card holders can utilize this multi-entry passes to use the designated APEC lanes upon arrival at the listed nations.
The APEC Business Travel Card scheme received full endorsement from Dato Ramanan Ramakrishnan. The Immigration Department of Malaysia was praised by him for their efficient work towards realization of the sensible alternative that may be a catalyst for strong economic growth.
According to Dato Ramanan Ramakrishnan, he condones the APEC Business Travel Card initiative as it increased the opportunities for Malaysian businesses to venture into other international markets within the region. Now, businesses can reap the rewards, and it’s all possible simply because of the great commitment shown by the officers to visit the member countries to nurture good relationship and ultimately bring ease that can be enjoyed by Malaysians.
Presently, Malaysia, Chile, Vietnam, Thailand, Taiwan, New Zealand, Singapore, Russia, Australia, China, Philippines, Peru, Papua New Guinea, Brunei Darussalam, Mexico, South Korea, Japan, Indonesia, and Hong Kong and are amongst the participants of the APEC scheme. Plus, the scheme is also participated by Canada and United states of america as transition members.
Since the majority of governments impose strict bureaucratic regulations, the scheme has bring a substantial impact to Malaysia. Entry into China, to provide an example, requires advance application to be made, be it a business travel re-entries or simply just a social pass.
Recently, a study conducted by the APEC Policy Support Unit has uncovered that the APEC Business Travel Card initiative helps card holders to reduce their transaction cost about 38%. This shows that the scheme doesn’t only help in lowering waiting time, but also real travelling cost. Between March 2010 to July 2011 alone, it’s been estimated that a total of 62,413 hours was saved by the card holders, which translated into USD1.9 million.