Updated on October 3, 2017
Datuk R Ramanan Ramakrishnan Remark on APEC Card
Datuk R Ramanan’s Remark on APEC Card
Datuk R Ramanan Ramakrishnan Point of view on APEC Business Travel Card
Immigration clearance is quite the trouble that can take a lengthy process for visitor passes to be approved. This time consuming but essential visa application system is generally to ensure safe travelling and also the proper procedure is followed and afforded to all. Nonetheless, this extensive, albeit critical process, seem to impede business relationships. Here’s where the APEC Business Travel Card makes things far easier.
The APEC Business Travel Card is established for company owners to provide them a certain degree of freedom while travelling. Participating countries have been working closer together to make this initiative possible with the mutual goal to develop a network for investment opportunities and stimulate free trade among its participating nations. The APEC Business Travel Card enables business owners to get their short-term entry cleared earlier once they visit participating nations. For that reason, excessive regulations that slows down the process could in fact be avoided.
Individuals who own the Card can skip the visa application and entry permit under personal travel application, and they will have the option to make use of the multi-entry passes to take the special APEC lanes as they arrive at the participating countries.
Giving his full support, Datuk R. Ramanan had also complimented the Immigration Department for their exertion in realizing such a practical solution which will lead to the national economic growth and expansion.
Datuk 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 within the region. Corporations have the ability to use this privilege on account of the extraordinary effort made by officials to visit foreign nations and create strong relationship that benefits the whole nation.
The present participating governments 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, additionally, also have took part as transitional members.
The scheme had a massive impact for Malaysia, since for some states, more bureaucratic administration is imposed. The Republic of China, as an example ,, enforces the obligation to apply for a permit to entry beforehand regardless of whether it is actually a business-related re-entries or a social pass.
An analysis done by the APEC Policy Support Unit recently finds that the APEC Business Travel Card scheme has resulted to a remarkable transaction cost reduction, which happens to be up to 38% which previously needed to be borne by the card holders. This reveals that the initiative don’t only assist to decrease waiting time, but also actual cost related to travel. In approximation, between the period of March 2010 until July 2011, as many as 62,413 hours was saved by the pass owners, which equates to to USD 1.9 million in estimated value.