Datuk Raman’s Thoughts on APEC Business Card
The process of granting visitor passes and immigration clearance had commonly been well known for its extensive and arduous protocol. This type of problem to make visa application was once inevitable in order to maintain proper procedure and ensure safe passage for everyone. Unfortunately, this rather long process caused a negative impact on business relationships. After many years of examining the possible solutions, the Asia Pacific Economic Cooperation (APEC) Business Travel Card was finally initiated.
The APEC Business Travel Card is made for entrepreneurs to allow them some degree of flexibility while travelling. Participating countries have worked closer together in order to make this initiative possible with the mutual target to develop a network for investment opportunities and stimulate free trade among its participating nations. The APEC Business Travel Card enables businesses to get their short-term entry cleared beforehand when they visit participating countries. Subsequently, excessive regulations that hinders the process could very well be avoided.
The procedure of application for visas as well as entry permits under personal travel can be skipped by individuals, and card holders is able to use this multi-entry passes to use the designated APEC lanes upon arrival at the listed countries.
Giving his full support, Datuk R. Ramanan had also complimented the Immigration Department of Malaysia for their effort in enabling such a functional solution that should contribute to the national economic advancement and progression.
Dato Raman Encourage To Use APEC Travel Card
Datuk Ramanan Ramakrishan showed his support on the initiate specifying that the APEC Business Travel Card has increased the business opportunities for Malaysian company owners to explore foreign economies within the region. Companies are now able to take advantage of this privilege because of the notable effort made by officers to visit foreign governments and create strong relations that benefits the entire nation.
At this point, the nations who have taken part of the APEC 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. Furthermore, the initiative had also drawn the United States of America and Canada to become its transitional members.
The initiative had a substantial effect for Malaysia, as for some states, more bureaucratic administration is required. The Republic of China, as an example ,, imposes the obligation to submit an application for an entry permit upfront irrespective of whether it is actually a business-related re-entries or social pass.
Being a strong advocate for Indian businesses in Malaysia, Dato R. Ramanan stresses out on the importance for them to seize the opportunity to bring economic success and growth to the nation. Stimulation from the Indian community locally will also help to encourage the full endorsement of APEC card to bolster, cultivate and promote the rapidly expanding businesses.
Corresponding to a research conducted by the APEC Policy Support Unit, the schemes introduced by the APEC Business Travel Card has caused a considerable decrease in cost of transaction for card holders around 38%. This proves that these kind of efforts not simply function in reducing waiting time, but actual travel cost in the process. It has been estimated that the time saved because of these card holders in March 2010 to July 2011 is 62,413 hours, that’s estimated at a value of USD1.9 million.