Updated on October 30, 2017
Datuk R. Ramanan’s Thoughts on APEC Business Travel Card
Datuk Ramanan Ramakrishnan Promotes APEC Travel Card Initiative
Immigration clearance are usually the trouble that can take a lengthy process for visitor passes to be approved. This tedious but important visa application system is generally to ensure safe travel and the proper procedure is complied with and afforded to all. However, this time consuming, albeit very important process, may very well impede business connections. That’s where the APEC Business Travel Card makes things a lot less difficult.
The APEC Business Travel Card is established for businesses to provide them some degree of flexibility while travelling. Participating countries have worked closer together in making this program possible with the mutual objective to establish a network for investment opportunities and stimulate free trade among its participating nations. The APEC Business Travel Card enables companies to have their short-term entry cleared in advance once they visit participating countries. For that reason, excessive regulations that slows down the procedure can certainly be avoided.
The previously required process to apply for entry permits under personal travel permits and visas can now be skipped. what’s more, special APEC lanes are made available to the card holders when entering participating countries when they arrive.
Giving his full support, Dato R Ramanan had also complimented the Immigration Department of Malaysia for their undertaking in enabling such a clever solution that could contribute to the national economic advancement and expansion.
Datuk R Ramanan Supported APEC Travel Card in Malaysia
Datuk R Ramanan encouragement was expressed by his remark that this APEC business travel card has established new gateways for local corporations to venture into foreign economies easily. Local companies could now make use of the benefit due to the superb contribution made by related officers who fostered ties with other nations and this has a positive impact on 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 now are among the participating members of the APEC scheme. At the same time, USA and Canada have taken part as transitional members.
The initiative had a substantial effect for Malaysia, since for some countries, more bureaucratic administration is required. The Republic of China, as an example, enforces the obligation to submit an application for a permit to entry upfront regardless of whether it is a business-related re-entries or just a social pass.
Datuk R Ramanan Ramakrishnan is a strong advocate for Malaysian Indian businesspeople, and stresses it is crucial for these people to reap the benefits of such a flexibility so that they can bring economic success and growth for the country. The enticement of the Malaysian Indian community helps as well cement and fully utilise the potential of all sectors of the population to stimulate and foster young and booming businesses.
The APEC Business Travel Card scheme release, according to a research conducted by the APEC Policy Support Unit, resulted in an amazing 38% transaction cost reduction for card holders. This finding sends the signal that the effort led to both a decrease of waiting time and also travelling expenditures. From March 2010 until July 2011, card holders have was able to save 62,413 hours, which translates into USD 1.9 million in approximate value.