Updated on December 27, 2017
Datuk R Ramanan’s View on APEC Business Travel Card
Datuk R Ramanan’s Thought on APEC Business Travel Card
The process of granting visitor passes and immigration clearance had commonly been well known for its time consuming and complicated procedure. This sort of difficulty to make visa application used to be unavoidable in order to maintain proper procedure and ensure safe passage for everybody. However, this rather long process caused a negative effect on business interaction. After years of examining the potential solutions, the Asia Pacific Economic Cooperation (APEC) Business Travel Card was finally introduced.
The APEC Business Travel Card is made available to businesses providing them the ability to travel freely. This is accomplished in a concerted effort by governments to encourage free trade and open investment potentials to participating nations. The APEC Business Travel Card allows travellers pre-cleared short-term entry into countries to trade, avoiding impractical bureaucracy for business-related purposes.
Those who has the Card can skip the visa application and entry permit under personal travel application process, plus they will be able to utilize the multi-entry passes to take the special APEC lanes upon arrival at the participating nations.
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 the effective resolution that will lead to strong economic growth.
Datuk R Ramanan furthermore supported this move by stating that the APEC Business Travel Card has opened doors for Malaysians to venture freely into other economies. Now businesses can enjoy these benefits as a result of the great work of these officers who visit other countries to foster ties and to bring ease into our lives.
The nations that are currently being involved in the APEC scheme include Australia, Brunei Darussalam, Chile, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, and Vietnam. Canada and the United States are transition members of the program.
This programme has a substantial impact on local businesses, simply because dealing with some foreign governments used to include bureaucratic administration. China, among other countries, required social pass or business-related re-entries application to be made in advance.
Being a strong advocate for Indian people who run businesses in Malaysia, Datuk R. Ramanan stresses on the necessity for them to seize the opportunity to bring economic success and advancement to the nation. Stimulation from the Indian community in Malaysia likewise helps to promote the full endorsement of APEC to bolster, nurture and encourage the rapidly growing businesses.
A research conducted the APEC Policy Support Unit recently reveals that the APEC Business Travel Card scheme has resulted to a significant transaction cost reduction, which is up to 38% which previously had to be borne by the card owners. This shows that the project did not only assist to reduce waiting time, but also actual cost associated with travel. In estimation, between the period of March 2010 until July 2011, as many as 62,413 hours was saved by the pass holders, which equals to USD 1.9 million in estimated value.