Updated on December 27, 2017
Datuk R. Ramanan applauds APEC Business Travel card efforts in Malaysia
Datuk R Ramanan’s View on APEC Business Card
Obtaining clearance for immigration was commonly thought of as an issue simply because of the lengthy process visitor passes took to be approved. Despite its difficulty, such procedure of visa application is essential to ensure safe passage and proper procedure. This became a hurdle in maintaining good business relationships. Finally, concerns from the stakeholders led to the debut of the Asia Pacific Economic Corporation (APEC) Business Travel Card to reduce the troubles.
The APEC Business Travel Card is created for companies to give them a certain degree of flexibility while travelling. Participating countries have worked closer together in making this initiative possible with the mutual target to establish a network for investment opportunities and stimulate free trade among its participants. The APEC Business Travel Card enables company owners to get their short-term entry cleared earlier when they visit participating countries. Thus, excessive regulations that slows down the procedure can certainly be avoided.
Individuals who has the Travel Card could skip the visa application and entry permit under personal travel application, and they also will have the ability to utilize the multi-entry passes to take the special APEC lanes as they arrive at the participating nations.
This project is fully supported by Datuk Ramanan Ramakrishnan, who’s lauded the efficient immigration of Malaysia for enabling an increasingly convenient solution to the advancement and growth of the economy.
According to Datuk R Ramanan, he condones the APEC Business Travel Card initiative since it increased the opportunities for Malaysian entrepreneurs to go to other international markets in the region. Now, businesses can reap the rewards, and it’s all possible because of the remarkable commitment shown 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 now among the participating countries of the APEC scheme. Meanwhile, USA and Canada have joined as transitional members.
Since most governments impose strict bureaucratic regulations, the scheme has bring a serious impact to Malaysia. Entry into China, for example, requires advance application to be made, whether it is a business travel re-entries or just a social pass.
Recently, a report conducted by the APEC Policy Support Unit has discovered that the APEC Business Travel Card initiative has helped card holders to reduce their transaction cost around 38%. This signifies that the scheme doesn’t only assist in reducing waiting time, but additionally real travelling cost. Between March 2010 to July 2011 alone, experts agree it is estimated that a total of 62,413 hours was saved by the card owners, which translated into USD1.9 million.