Haikou Asia-Pacific Economic Cooperation (APEC) Business Travel Card Association was established on Tuesday 22nd October, becoming the first APEC Business Travel Card association in Hainan Province and the third in the country, the Hainan Daily reports.

According to reports, holders of the Business Travel Cooperation Card who have valid passports are allowed to travel to Japan, Korea and the 15 APEC countries where they will enjoy visa-free entry and VIP access for three consecutive years, provided that each trip does not exceed two months.

Over 100 entrepreneurs and managers in Haikou have already obtained the card.

Ma Shengming, the CEO of Hainan Nobel Yacht Club, was elected president of the association. 

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