What Do You Know About the APEC Business Travel Card?

What Do You Know About the APEC Business Travel Card?

Datuk R Ramanan

Going through a long immigration clearance procedure with regards to visitor passes approval tend to be problematic. While it is indisputable that such protocol is irritating, the visa application process is crucial to ensure everyone’s safe passage. On the other hand, it is not uncommon for similar procedures to affect business relations. Fortunately, an excellent solution, the Asia Pacific Economic Corporation (APEC) Business Travel Card was introduced to smoothen the process.

The APEC Business Travel Card is made available to company owners giving them the capability to travel without restraint. This is achieved in a concerted effort by nations to stimulate 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 business-related purposes.

APEC Business Travel Card holders could stay away from the procedure for applying for visas as well as entry permits under personal travel. They may also be able to use the APEC lanes as they reach listed countries by using multi-entry pass.

The APEC Business Travel Card scheme received full endorsement from Datuk R. Ramanan. The Immigration Department of Malaysia was praised by him for their effective work towards realization of this functional alternative that could contribute to strong economic growth.

Datuk R Ramanan

encouragement was expressed by his remark that APEC business travel card has established new gateways for businesses in Malaysia to venture into foreign economies effortlessly. Local companies can now make full use of the advantage due to the superb contribution made by officers who fostered ties with other nations and this has a positive impact on the local economy.

Today’s 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, on the other hand, moreover participated as transitional members.

This program has a huge impact on local businesses, as dealing with some foreign governments used to require bureaucratic administration. Republic of china, among other countries, makes it mandatory for social pass or business-related re-entries application to be made upfront.

Being a strong advocate for Indian business people in Malaysia, Datuk R. Ramanan stresses out on the importance for them to seize the opportunity to bring economic success and growth to the nation. Stimulation by the Indian community in Malaysia likewise helps to promote the full endorsement of APEC to strengthen, nurture and promote the rapidly growing businesses.

Based on a basic research conducted by the APEC Policy Support Unit, the APEC Business Travel Card helps to lower transactional cost for its holders for up to 38%. This finding shows that the initiative works both saves time and actual cost allocated to 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.