Going through a lengthy immigration clearance procedure just for visitor passes approval is usually problematic. Even though it is unquestionable that such process is irritating, the visa application process is necessary to make sure everyone’s safe passage. Yet, it’s common for similar procedures to affect business relations. Fortunately, an effective solution, the Asia Pacific Economic Corporation (APEC) Business Travel Card was introduced to smoothen the process.
Now, company owners can apply for the APEC Business Travel Card to enjoy the privilege of travelling more flexible. This project is made possible by participating nations with the mutual target to promote free trade and open opportunities for investors. With APEC Business Travel Card, companies can pre-clear their short-term entry into participating countries for business purpose. This method can help to avoid the excessive rules and formalities which affect business operation.
Individuals skip the entire process of having to apply for visas and entry permits under personal travel permits and will be able to utilize this multi-entry passes to enter into participating nations on arrival through exclusive APEC lanes.
Giving his full support, Datuk R. Ramanan had also complimented the Malaysian Immigration Department for their exertion in realizing such a sensible solution which will contribute to the national economic advancement and progression.
Datuk Raman‘s encouragement was expressed by his remark that this APEC business travel card has established new gateways for businesses in Malaysia to venture into foreign economies easily. Local companies could now make full use of the privilege as a consequence of superb effort made by officers who fostered ties with other nations and this has a positive influence on the local economy.
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 nations of the APEC scheme. Meanwhile, USA and Canada have joined the pact as transitional members.
The initiative had a sizeable effect for Malaysia, as for some nations, the more bureaucratic administration is established. The Republic of China, for example, enforces the obligation to apply for a permit to entry upfront irrespective of whether it’s a business-related re-entry or a social pass.
The APEC Business Travel Card scheme inception, based on a research performed by the APEC Policy Support Unit, led to an extraordinary 38% transaction cost reduction for cardholders. This finding sends the signal that the energy led to both a reduction of waiting time and also travelling costs. From March 2010 until July 2011, cardholders have been able to save 62,413 hours, which converts into USD 1.9 million in approximate value.