Datuk R Ramanan Ramakrishnan Talks about the APEC Business Travel Card
Datuk R Ramanan Ramakrishnan praises APEC Business Travel card efforts in Malaysia
Getting approval for visitor passes and immigration clearance may become a hassle due to the time-consuming process. While it is actually tedious, visa application is crucial to make sure that that safe passage is guaranteed as proper procedure is being followed. Even though some usually will not notice, this time consuming procedure will surely have a negative effect on business relations. With this concern in view, the Asia Pacific Economic Corporation (APEC) Business Travel Card was created to ease off the problem.
The APEC Business Travel Card is afforded to business people providing them the capability to travel freely. This is achieved in a concerted effort by nations to stimulate free trade and open investment opportunities to participating countries. The APEC Business Travel Card allows travellers pre-cleared short-term entry into countries to trade, avoiding impractical paperwork for commercial purposes.
Individuals bypass the whole process of having to apply for visas and entry permits under personal travel permits and will also be able to use this multi entry passes to enter into participating countries on arrival through special APEC lanes.
Datuk Ramanan gave his full support to this very scheme, and even applauded the Immigration Department of Malaysia because of their proactive tactic to encourage the growth and expansion of the economy at the national level with such an intelligent solution.
Datuk R. Ramanan additionally supported this move by proclaiming that the APEC Business Travel Card has opened doors for Malaysians to venture freely into other economies. Now businesses can take advantage of these benefits due to the good work of these officers who travel to other countries to foster ties in order to bring ease into our lives.
Today’s 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, on the other hand, also have took part as transitional members.
This program has a significant effect on local businesses, as dealing with some countries used to involve bureaucratic administration. Republic of china, among other countries, required social pass or business-related re-entries application to be made in advance.
Being a strong advocate for Indian entrepreneurs 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 by the Indian community in Malaysia helps to stimulate the full endorsement of APEC card to bolster, foster and promote the growing businesses.
Recently, research conducted by the APEC Policy Support Unit has discovered that the APEC Business Travel Card initiative has helped card holders to bring down their transaction cost to as much as 38%. This indicates that the scheme doesn’t only help in lowering waiting time, but also real travelling cost. Between March 2010 to July 2011 alone, experts have estimated that a total of 62,413 hours was saved by the card owners, which translated into USD1.9 million.