Datuk R. Ramanan’s Thought on APEC Business Travel Card

Datuk R Ramanan’s Thought on APEC Business Travel Card

Datuk R Ramanan’s Thought on APEC Business Travel Card

Getting approval for visitor passes and immigration clearance could become an inconvenience due to the lengthy process. Even though it can be laborious, visa application is vital to make sure that that safe passage is warranted as proper procedure has been followed. While a few usually will not see it, this time-consuming procedure could have a negative effect on business interactions. With that concern under consideration, the APEC Business Travel Card was brought out to remedy the situation.

Business people are able to get their APEC business travel card to enjoy more flexibility while travelling. In an attempt to open investment potentials and promote free trade, the governments from participating countries have been working together to accomplish this objective. The owners of the APEC business travel card can pre-clear their short-term entry into the listed nations for business purposes, and this will help to avoid them from dealing with unnecessary paperworks.

APEC Business Travel Card holders can just steer clear of the procedure for applying for visas as well as entry permits under personal travel. They may likewise be able to take the APEC lanes as they enter into listed countries through this multi-entry pass.

Datuk R Ramanan gave his full support to this very strategy, and even applauded the Immigration Department of Malaysia for their proactive strategy to promote the development and expansion of the economy at the national level with such an intelligent solution.

As of the moment, 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 among the list of participants of the APEC scheme. In addition to that, the scheme is participated by Canada and United states of america as transitional members.

The scheme had a tremendous effect for Malaysia, as for some nations, more bureaucratic administration is imposed. China, to provide an example, enforces the requirement to apply for a permit to entry upfront regardless of whether it is actually a business-related re-entries or even a social pass.

Datuk R Ramanan is a strong advocate for Malaysian Indian businesspeople, and stresses that it is essential for all of them to take full advantage of such a flexibility to be able to bring economic success and growth to the country. The support of the Malaysian Indian community also helps cement and fully utilise the potential of all sectors of people to stimulate and foster young and growing businesses.

Based upon a study performed by the APEC Policy Support Unit, the APEC Business Travel Card helps to reduce transactional cost for its holders for up to 38%. This finding shows that the initiative works both saves time and actual cost invested in travelling. Based on estimation, the cummulative time saved for the APEC Business Travel Card holders between March 2010 to July 2011 is 62,413 hours, which in monetary form, is valued at USD1.9 million.

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