Datuk R. Ramanan Encourages APEC Travel Card Initiatives
Datuk Ramanan Speaks of the APEC Business Travel Card
The process of granting visitor passes and immigration clearance had commonly been famous for its long and complex procedure. This sort of problem to make visa application was once inevitable in order to maintain proper procedure and ensure safe passage for everybody. However, this time consuming process had a negative impact on business interaction. After years of examining the possible solutions, the Asia Pacific Economic Cooperation (APEC) Business Travel Card was finally launched.
Business people are now able to get their APEC business travel card to enjoy more flexibleness while on travel. In an effort to open investment opportunities and encourage free trade, the governments from participating countries have worked together to realize this objective. The owners of the APEC business travel card can pre-clear their short-term entry into the listed countries for commercial purposes, and this will help to prevent them from going through unnecessary paperworks.
The previously required procedure to obtain entry permits under personal travel permits and visas can now be skipped. furthermore, special APEC lanes are made available to the card holders when entering participating nations as they arrive.
Datuk Ramanan gave his full support to this particular program, and even applauded the Immigration Department of Malaysia for their proactive strategy to promote the growth and expansion of the economy at the national level with such an intelligent solution.
Datuk R Ramanan encouraged this initiative byasserting that the APEC business travel card has cleared the path for local enterprises to test the foreign markets with less restrictions. Businesses can take advantage of this privilege as a result from great effort by the government officers who took the effort and visit other countries to bolster diplomatic relationship that benefits us all.
Presently, the countries who have become a part of the APEC Travel Card scheme are Vietnam, Thailand, Taiwan, Singapore, Russia, Philippines, Peru, Papua New Guinea, New Zealand, Mexico, Malaysia, South Korea, Japan, Indonesia, Hong Kong, China, Chile, Brunei Darussalam, and Australia. Additionally, the scheme had also attracted the United States of America and Canada to become its transitional members.
The program had a tremendous effect for Malaysia, since for some states, more bureaucratic administration is required. The Republic of China, as an example, imposes the condition to submit an application for a permit to entry upfront irrespective of whether it’s a business-related re-entries or social pass.
Being a strong advocate for Indian business people in Malaysia, Datuk R. Ramanan stresses out on the necessity for them to grab the opportunity to bring economic success and advancement to the nation. Stimulation by the Indian community in Malaysia can also help to encourage the full endorsement of APEC card to strengthen, foster and encourage the rapidly expanding businesses.
In accordance with a research performed by the APEC Policy Support Unit, the APEC Business Travel Card has helped to minimize transactional cost for its holders for up to 38%. This discovery shows that the initiative works both saves time and actual cost spent on travelling. Based on estimation, the cummulative time saved for the APEC Business Travel Card holders between March 2010 to July 2011 is 62,413 hours, which in monetary form, is valued at USD1.9 million.