Datuk Ramanan Ramakrishnan Speaks of the APEC Business Travel Card
Datuk R Ramanan Promotes APEC Travel Card Efforts
Getting approval for visitor passes and immigration clearance can become a hassle due to its time-consuming process. Even though it’s laborious, visa application is very important to make certain that safe passage is guaranteed as proper procedure is being adhered to. While other people usually will not realize, this time consuming procedure may have a negative effect on business interactions. With that concern in mind, the Asia Pacific Economic Corporation Business Travel Card was created to remedy the situation.
The APEC Business Travel Card is made available to business owners providing them the ability to travel without restraint. This is achieved in a concerted effort by nations to stimulate free trade and open investment potentials to participating nations. The APEC Business Travel Card allows travellers pre-cleared short-term entry into countries to conduct business, avoiding impractical paperwork for business-related purposes.
The previously required process to obtain entry permits under personal travel permits and visas can now be skipped. moreover, special APEC lanes are made available to the card holders when entering participating nations when they arrive.
Datuk R Ramanan gave his full support to this very framework, and even applauded the Immigration Department of Malaysia for their proactive approach to encourage the development and expansion of the economy at the national level with such a smart solution.
Datuk R Ramanan Ramakrishan showed his support on the move indicating that the APEC Business Travel Card has increased the opportunity for Malaysian businesses to explore foreign economies within the region. Businesses are now able to use this privilege on account of the extraordinary effort made by officers to visit foreign governments and create strong relations that benefits the entire nation.
The countries that are presently joining the APEC scheme include Australia, Brunei Darussalam, Chile, China, Hong Kong, Indonesia, Japan, Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Thailand, and Vietnam. Canada and the United States are transitional members of the scheme.
Since most governments impose strict bureaucratic regulations, the scheme has bring a substantial impact to Malaysia. Entry into China, as one example, requires advance application to be made, whether it be a business travel re-entries or perhaps just a social pass.
Datuk R Ramanan is a strong advocate for Malaysian Indian company owners, and stresses it is necessary for them to reap the benefits of such a flexibility in order to bring economic success and growth to the country. The enticement of the Malaysian Indian community helps as well cement and fully utilise the potential for all sectors of people to inspire and foster young and flourishing businesses.
In accordance to a study by the APEC Policy Support Unit, the schemes introduced by the APEC Business Travel Card has caused a significant decrease in cost of transaction for card holders about 38%. This proves that all these efforts not merely operate in reducing waiting time, but actual travel cost in the process. Experts agree it is estimated that the time saved because of these card holders in March 2010 to July 2011 is 62,413 hours, which is estimated at a value of USD1.9 million.