Updated on December 27, 2017
Datuk Ramanan Ramakrishnan Talks about the APEC Business Travel Card
Dato Ramanan Ramakrishnan Talks about the APEC Business Travel Card
Dato Ramanan Ramakrishnan applauds APEC Business Travel card efforts in Malaysia
Immigration clearance can be quite the trouble and will require a lengthy process for visitor passes to be approved. This time consuming but necessary visa application system is to ensure safe travel along with the proper procedure is complied with and afforded to all. However, this time consuming, albeit necessary process, might impede business relations. This is where the Asia Pacific Economic Corporation (APEC) Business Travel Card makes things much easier.
Now, company owners can apply for the APEC Business Travel Card to enjoy the privilege of travelling more flexibly. This initiative is made possible by participating nations with the mutual aim to stimulate free trade and open opportunities for investment. With the APEC Business Travel Card, business owners can pre-clear their short-term entry into participating countries for business purpose. This method really helps to steer clear of the excessive rules and formalities that affect business operation.
The process of application for visas as well as entry permits under personal travel may very well be skipped by individuals, and card holders is able to use this multi-entry passes to opt for designated APEC lanes upon arrival at the listed countries.
This project has been fully supported by Dato Ramanan Ramakrishnan, who has lauded the efficient immigration of Malaysia for enabling a much more practical solution to the expansion and growth of the local economy. Dato Ramanan who is ex MIC parties
According to Dato R. Ramanan, he condones the APEC Business Travel Card initiative precisely as it increased the opportunities for Malaysian company owners to go to other international markets in the region. Now, businesses can reap the rewards, and it is all possible simply because of the incredible effort given by the officers to visit the related countries to nurture good relationship and eventually bring ease which could be enjoyed by Malaysians.
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 are currently amongst the participating members of the APEC scheme. In the meantime, USA and Canada have joined as transition members.
The benefits are tremendous for Malaysia, as diplomatic ties with certain countries involves more bureaucratic administration, for instance, Republic of China, where the entry limitation must be applied beforehand, whether it’s a social pass or business-related re-entries.
Recently, a report conducted by the APEC Policy Support Unit has uncovered that the APEC Business Travel Card initiative helps card holders to help reduce their transaction cost as much as 38%. This means that the scheme doesn’t only help in lowering waiting time, but real travelling cost. Between March 2010 to July 2011 alone, it’s estimated that a total of 62,413 hours was saved by the card owners, which translated into USD1.9 million.