Datuk R. Ramanan Talks about the APEC Business Travel Card
Datuk R Ramanan applauds APEC Business Travel card initiatives in Malaysia
Going through a long immigration clearance procedure for visitor passes approval can be problematic. Though it may be irrefutable that such protocol is irritating, the process of applying visa is vital to make sure everyone’s safe passage. Having said that, it’s common for similar procedures to affect business relations. Fortunately, a highly effective solution, the Asia Pacific Economic Corporation (APEC) Business Travel Card was introduced to smoothen the process.
The APEC Business Travel Card is afforded to companies providing them the capability to travel freely. This is achieved in a concerted effort by governments to promote free trade and open investment potentials to participating nations. The APEC Business Travel Card allows travellers pre-cleared short-term entry into countries to trade, avoiding impractical paperwork for business-related purposes.
People who has the Card could skip the visa application and entry permit under personal travel application, plus they will have the ability to utilise the multi-entry passes to take the special APEC lanes as they arrive at the participating countries.
Datuk R Ramanan Support on APEC Travel
Datuk R Ramanan Ramakrishnan had fully endorsed the initiative and praised the Malaysia Immigration Department with regard to their efficiency and determination to embrace this type of convenient solution that promotes a rapid growth and advancement of the national economy.
Datuk R Ramanan Ramakrishan showed his support on the move stating that the APEC Business Travel Card has increased the prospects for Malaysian entrepreneurs to venture into foreign economies in the region. Corporations have the ability to make use of this privilege thanks to the notable effort made by representatives to visit foreign governments and foster strong connection that benefits the whole nation.
Datuk R Ramanan Ramakrishnan on APEC Travel Card
At the moment, 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 amongst the participants of the APEC scheme. Moreover, the scheme is participated by Canada and U . s . as transition members.
This program has a massive impact on Malaysian businesses, mainly because dealing with some countries used to require bureaucratic administration. China, among other countries, makes it necessary for social pass or business-related re-entries application to be made upfront.
Being a strong advocate for Indian people who run businesses in Malaysia, Datuk R Ramanan stresses on the necessity for them to grab the opportunity to bring economic success and growth to the nation. Stimulation from the Indian community in Malaysia also helps to stimulate the full endorsement of APEC Business Travel Card to strengthen, develop and promote the growing businesses.
The APEC Business Travel Card scheme creation, based on a research performed by the APEC Policy Support Unit, resulted in an amazing 38% transaction cost reduction for card holders. This finding sends the signal that the energy led to both a reduction of waiting time and also travelling expenditures. From March 2010 until July 2011, card holders have managed to save 62,413 hours, which converts into USD 1.9 million in approximate value.