Datuk R Ramanan Ramakrishnan applauds APEC Business Travel card initiatives in Malaysia

Datuk R Ramanan Ramakrishnan applauds APEC Business Travel card initiatives in Malaysia

Datuk R Ramanan Ramakrishnan Talks about the APEC Business Travel Card

Immigration clearance is quite the hassle and can require a lengthy process for visitor passes to be approved. This daunting but critical visa application process is to ensure safe travel and the proper procedure is adhered to and afforded to everyone. Nonetheless, this time-consuming, albeit very important process, could possibly impede business relations. Here the Asia Pacific Economic Corporation (APEC) Business Travel Card makes things incredibly easier.

The APEC Business Travel Card is made available to business owners giving them the capability to travel easily. This is achieved in a concerted effort by nations to stimulate free trade and open investment opportunities to participating nations. The APEC Business Travel Card allows travellers pre-cleared short-term entry into countries to do business, avoiding impractical paperwork for business-related purposes.

Datuk R Ramanan

APEC Business Travel Card holders can simply steer clear of the process of applying for visas and also entry permits under personal travel. They’ll also be able to use the APEC lanes as they reach listed countries by using this multi-entry pass.

Giving his full support, Datuk R. Ramanan had also complimented the Immigration Department for their hard work in realizing such a wise solution that could lead to the national economic advancement and expansion.

Datuk R Ramanan Ramakrishan showed his support on the initiate specifying that the APEC Business Travel Card has expanded the opportunity for Malaysian businesses to venture into foreign economies within the region. Corporations are able to use this privilege because of the amazing effort made by immigration officers to visit foreign nations and foster strong connection that benefits the entire nation.

The latest participating nations in the APEC scheme are Chile, Mexico, Papua New Guinea, Peru, Russia, New Zealand, Australia, Taiwan, Japan, Hong Kong, China,South Korea, Brunei, Singapore, Thailand, Philippines, Indonesia, Vietnam, and Malaysia. America and Canada, additionally, have also took part as transitional members.

This program has a significant effect on local businesses, as dealing with some foreign governments used to include bureaucratic administration. Republic of china, among other countries, makes it necessary for social pass or business-related re-entries application to be made beforehand.

An analysis done by the APEC Policy Support Unit recently finds that the APEC Business Travel Card scheme has resulted to a huge transaction cost reduction, which happens to be up to 38% which previously needed to be borne by the card owners. This clearly shows that the project do not only help to reduce waiting time, but actual cost linked to travel. In estimation, between the period of March 2010 until July 2011, a total of 62,413 hours was saved by the pass owners, which equals to USD 1.9 million in estimated value.

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Datuk R. Ramanan applauds APEC Business Travel card initiative in Malaysia

Datuk R Ramanan - Apec

Datuk R. Ramanan applauds APEC Business Travel card endeavours in Malaysia

Immigration clearance is quite the hassle and may take a lengthy process for visitor passes to be approved. This daunting but essential visa application process is to ensure safe travelling and the proper procedure is complied with and afforded to all. However, this time consuming, albeit important process, may possibly impede business relations. Here’s where the APEC Business Travel Card makes things much simpler.

Now, business owners can apply for the APEC Business Travel Card to get the privilege of travelling more easily. This initiative is made possible by participating countries with the mutual purpose to encourage free trade and open opportunities for investment. With the APEC Business Travel Card, company owners can pre-clear their short-term entry into participating countries for business purpose. This procedure helps to avoid the excessive rules and formalities affecting business operation.

Datuk R Ramanan - Apec

Datuk Ramanan Ramakrishnan | APEC Travel Process

The process of application for visas along with entry permits under personal travel can certainly be skipped by individuals, and card holders can utilize this multi-entry passes to take the designated APEC lanes upon arrival at the listed nations.

The APEC Business Travel Card scheme received full endorsement from Dato’ R. Ramanan. The Immigration Department of Malaysia was praised by him because of their efficient work towards realization of the functional solution that can induce strong economic growth.

Dato’ Raman Support On APEC Travel Card

Datuk Ramanan Ramakrishan showed his support on the move specifying that the APEC Business Travel Card has increased the prospects for Malaysian entrepreneurs to venture into foreign economies within the region. Organizations can now make use of this privilege on account of the notable effort made by representatives to visit foreign nations and foster strong relations that benefits the whole nation.

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 at this moment among the participating members of the APEC scheme. Meanwhile, USA and Canada have joined the pact as transitional members.

The program had a sizeable impact for Malaysia, since for some states, more bureaucratic administration is established. China, as an example ,, imposes the requirement to submit an application for an entry permit upfront regardless of whether it is actually a business-related re-entries or a social pass.

Datuk R. Ramanan is another strong advocate for Malaysian Indian businesspeople, and stresses that it’s necessary for these individuals to reap the benefits of such a flexibility so that they can bring economic success and growth to the country. The motivation of the Malaysian Indian community likewise helps cement and fully utilise the opportunity of all sectors of the population to stimulate and foster young and burgeoning businesses.

Based to a research by the Support Unit of APEC policy, the schemes introduced by the APEC Business Travel Card has caused a substantial reduction in cost of transaction for card holders up to 38%. This proves that these efforts not just operate in reducing waiting time, but actual travel cost too. Experts agree it is estimated that the time saved for these card holders in March 2010 to July 2011 is 62,413 hours, which is estimated at a value of USD1.9 million.