Updated on December 27, 2017
Datuk Raman’s Remark on APEC Business Car
Datuk Ramanan Ramakrishnan’s Thoughts and opinions on APEC Business Travel Card
Getting approval for visitor passes and immigration clearance may become a hassle due to its time consuming procedure. Though it is actually tedious, visa application is crucial to make certain that safe passage is guaranteed as proper procedure is being followed. Although some probably don’t notice, this time consuming process can lead to a negative effect on business relationships. With this concern in view, the APEC Business Travel Card was launched to ease off the problem.
The APEC Business Travel Card is made available to business owners giving them the flexibility to travel freely. This is achieved in a concerted effort by nations to promote 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 commercial purposes.
Individuals bypass the process of being required to apply for visas and entry permits under personal travel permits and will also be able to utilise this multi entry passes to enter participating nations on arrival through special APEC lanes.
Dato Ramanan Ramakrishnan Encourage The Use Of APEC Travel Card
This initiative is fully endorsed by Datuk R Ramanan Ramakrishnan, who has praised the efficient immigration of Malaysia for enabling a much more sensible alternative to the advancement and growth of the local economy.
Datuk R Ramanan encouraged this initiative by saying that the APEC business travel card has cleared the path for local enterprises to test the international markets with much less restrictions. Businesses can make the most of this privilege resulting from great effort by the government officers who took the trouble and visit other countries to bolster diplomatic relationship that benefits Malaysians.
The nations that are currently getting involved in 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 transition members of the program says Datuk R Ramanan.
This programme has a enormous effect on local businesses, since dealing with some countries used to involve bureaucratic administration. Republic of china, among other countries, makes it essential for social pass or business-related re-entries application to be made in advance.
In accordance with a basic research conducted by the APEC Policy Support Unit, the APEC Business Travel Card helps to help reduce transactional cost for its holders for up to 38%. This discovery shows that the initiative works both saves time and actual cost invested in 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.