Updated on December 27, 2017
Datuk R Ramanan Advocates for APEC Travel Card Initiative
Datuk R Ramanan applauds APEC Business Travel card initiative in Malaysia
Immigration clearance can be quite the hassle which can require a lengthy process for visitor passes to be approved. This laborious but obligatory visa application system is to ensure safe travelling and also proper procedure is observed and afforded to all. Nevertheless, this lengthy, although important process, could possibly hinder business connections. That’s where the APEC Business Travel Card makes things faster and easier.
The APEC Business Travel Card is made for businesspeople to grant them some degree of freedom while travelling. Participating countries have been working closer together to make this project possible with the mutual objective to create a network for investment opportunities and promote free trade among its participants. The APEC Business Travel Card enables business owners to get their short-term entry cleared earlier once they visit participating nations. For that reason, excessive regulations that hinders the process could be avoided.
The previously required procedure to obtain entry permits under personal travel permits and visas can now be skipped. plus, special APEC lanes are made available to the card holders when entering participating nations upon arrival.
Datuk R Ramanan Ramakrishnan had fully endorsed the initiative and praised the Malaysia Immigration Department because of their efficiency and ability to embrace a very feasible solution that promotes a rapid growth and expansion of the national economy.
Datuk Raman encouraged this initiative bystating that the APEC business travel card has cleared the path for local enterprises to test the international markets with minimal restrictions. Businesses can take advantage of this privilege resulting from great effort by the Immigration officers who took the effort and visit other countries to nurture diplomatic relationship that benefits us all.
The countries that are presently 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 initiative says Datuk R Ramanan
The scheme had a substantial impact for Malaysia, since for some states, more bureaucratic administration is imposed. China, for instance, imposes the obligation to submit an application for a permit to entry beforehand irrespective of whether it’s a business-related re-entries or just a social pass.
Being a strong advocate for Indian business owners in Malaysia, Datuk R Ramanan stresses on the importance for them to seize the opportunity to bring economic success and advancement to the nation. Stimulation from the Indian community in Malaysia can also help to promote the full endorsement of APEC Business Travel Card to fortify, foster and promote the growing businesses.
Corresponding to a study conducted by the Support Unit of APEC policy, the schemes brought out by the APEC Business Travel Card has resulted in a significant reduction in transaction cost for card holders about 38%. This proves that these kinds of efforts not merely work in reducing waiting time, but actual travel cost in the process. It’s estimated the time saved because of these card holders in March 2010 to July 2011 is 62,413 hours, which is estimated at a value of USD1.9 million.