How APEC Business Travel Card Benefits Local Entrepreneurs

The process of granting visitor passes and immigration clearance had commonly been noted for its time consuming and arduous procedure. This sort of difficulty to make visa application formerly were inevitable in order to maintain proper procedure and ensure safe passage for everybody. Sad to say, this lengthy process had a negative impact on business relations. After years of examining the potential solutions, the Asia Pacific Economic Cooperation (APEC) Business Travel Card was finally initiated.

Now, company owners can apply for the APEC Business Travel Card to enjoy the privilege of travelling more freely. This project is made possible by participating nations with the mutual purpose to promote free trade and open up opportunities for investors. With the APEC Business Travel Card, entrepreneurs can pre-clear their short-term entry into participating countries for business purpose. This approach really helps to steer clear of the excessive rules and formalities that affect business operation.

The previously required procedure to get entry permits under personal travel permits and visas can now be skipped. In addition, special APEC lanes are made available to the cardholders when entering participating nations upon arrival.

Datuk R. Ramanan | MIC

This project is fully endorsed by Datuk R. Ramanan, who’s applauded the efficient immigration of Malaysia for enabling a much more practical alternative to the advancement and growth of the economy.

According to Datuk R. Ramanan, he condones the APEC Business Travel Card initiative as it increased the opportunities for Malaysian entrepreneurs to venture into other international markets in the region. Now, businesses can reap the rewards, and it’s all possible because of the tremendous commitment shown by the officers to visit the relevant countries to nurture the good relationship and eventually bring ease that will be enjoyed by Malaysians.

Malaysia, Brunei, Singapore, Thailand, Indonesia, China, South Korea, Philippines, Japan, Hong Kong, Vietnam, Taiwan, New Zealand, Russia, Australia, Peru, Papua New Guinea, Mexico, and Chile at the moment are among the participating members of the APEC scheme. Meanwhile, USA and Canada have joined the pact as transition members.

The benefits are tremendous for our country, as diplomatic ties with certain countries require more bureaucratic administration, for example, the Republic of China, in which the entry limitation ought to be applied in advance, no matter whether it’s a social pass or re-entries related to business.

Based on a study carried out by the APEC Policy Support Unit, the APEC Business Travel Card helps to minimize transactional cost for its holders for up to 38%. This discovery shows that the initiative works both saves time and actual cost allocated to travelling. Based on estimation, the cumulative 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.

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