Updated on August 30, 2017
Datuk R. Ramanan’s Notion on APEC Business Travel Card
Datuk Ramanan’s Point of View on APEC Business Card
Getting approval for visitor passes and immigration clearance could become an inconvenience due to the time consuming procedure. Despite the fact that it is laborious, visa application is essential to make sure that that safe passage is warranted as proper procedure has been complied with. Even though some might not realize, this time-consuming process could have a negative impact on business interactions. With that concern in mind, the Asia Pacific Economic Corporation Business Travel Card was introduced to ease off the problem.
The APEC Business Travel Card is made available to business owners providing them the ability to travel freely. This is accomplished 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 trade, avoiding impractical red tape for business-related purposes.
Individuals bypass the entire process of having to apply for visas and entry permits under personal travel permits and will be able to utilise this multi entry passes to enter into participating nations on arrival through exclusive APEC lanes.
Datuk R. Ramanan Support the APEC Travel
The APEC Business Travel Card scheme received full endorsement from Datuk R. Ramanan. The Immigration Department of Malaysia was praised by him because of their efficient work towards realization of this effective resolution that can induce strong economic growth.
Now, Malaysia, Chile, Vietnam, Thailand, Taiwan, New Zealand, Singapore, Russia, Australia, China, Philippines, Peru, Papua New Guinea, Brunei Darussalam, Mexico, South Korea, Japan, Indonesia, and Hong Kong and are on the list of participants of the APEC scheme. Besides, the scheme is also participated by Canada and U . s . as transitional members.
As some foreign authorities impose bureaucratic administration over diplomatic relations, the implications have been huge for Malaysia.One of those countries, China, strictly required applications for entry, whether it is a business-related re-entries or simply a social pass, to be applied beforehand.
Dato Ramanan Ramakrishnan
Being a strong advocate for Indian business people in Malaysia, Dato R. Ramanan stresses out on the importance for them to grab the opportunity to bring economic success and advancement to the nation. Stimulation by the Indian community in Malaysia likewise helps to stimulate the full endorsement of APEC Business Travel Card to reinforce, nurture and encourage the rapidly expanding businesses.
Recently, research conducted by the APEC Policy Support Unit has shown that the APEC Business Travel Card initiative has helped card holders to lower their transaction cost as much as 38%. This indicates that the scheme doesn’t only help in lowering 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 holders, which translated into USD1.9 million.
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