Datuk R Ramanan Ramakrishnan praises APEC Business Travel card initiatives in Malaysia
Datuk R Ramanan Ramakrishnan applauds APEC Business Travel card initiatives in Malaysia
Immigration clearance can certainly be the trouble and may take a lengthy process for visitor passes to be approved. This time consuming but crucial visa application system is to ensure safe travelling as well as the proper procedure is adhered to and afforded to all. Then again, this rather long, although important process, might just impede business relations. Here is where the APEC Business Travel Card makes things less difficult.
Business people may now obtain APEC business travel card to enjoy more flexibility while travelling. In an effort to open investment opportunities and promote free trade, the governments from participating nations have worked 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 can help to prevent them from undergoing unnecessary paperworks.
The procedure of application for visas and entry permits under personal travel could be skipped by individuals, and card holders can use this multi-entry passes to opt for designated APEC lanes upon arrival at the listed nations.
Giving his full support, Datuk R Ramanan had also complimented the Immigration Department for their undertaking in realizing such a clever solution that should contribute to the national economic growth and progression.
Datuk R Ramanan’s encouragement was expressed by his remark that the APEC business travel card has created new gateways for local firms to venture into foreign economies conveniently. Local companies are now able to make full use of the benefit as a consequence of the outstanding contribution made by officers who fostered ties with other countries and this has a positive influence on the national economy.
At this point, the nations who have become a part of the APEC 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. Aside from that, the scheme had also attracted the United States of America and Canada to become its transitional members.
As some foreign governments impose bureaucratic administration over diplomatic relations, the effects happen to be huge for Malaysia.Among those countries, China, strictly required applications for entry, whether it is a business-related re-entries or a social pass, to be applied upfront.
According to a study performed by the APEC Policy Support Unit, the APEC Business Travel Card has helped to relieve 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.