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.
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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