Indian-American sworn in asst secy of trade for world markets

Indian American Arun Venkataraman was sworn in as the Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service for the International Trade Administration.

In this position, Venkataraman will lead a team of over 1,400 employees strategically located in 106 offices across the United States and 78 markets abroad, supporting US companies in markets representing 95 per cent of global GDP and 97 per cent of US trade.

This includes over a thousand career professionals who specialize in export promotion, commercial diplomacy and foreign direct investment to help US companies expand into international markets and attract foreign direct investment into the United States.

Venkataraman was appointed by President Joseph R Biden and confirmed by the US Senate on April 7 to lead the federal government’s efforts to promote exports abroad and attract inward investment, an official release said.

“Arun’s expertise in trade law and commercial policy will be an invaluable asset as the Commerce Department helps US businesses and workers recover and come back stronger from the economic toll affected by COVID-19,” said Secretary of Commerce Gina Raimondo.

“His experience and leadership helping the US public and private sector navigate and overcome critical trade challenges has earned him respect both inside and out of government as well as with the team he is now assigned to lead. I look forward to working with him in his new role,” the commerce secretary said.

The Indian American has over 20 years of experience advising companies, international organizations and the US government on international trade issues.

Prior to his appointment, he served as the counselor to the secretary of commerce, advising the department on trade and other international economic matters.

Before joining the Biden administration, he was a senior director at Visa, leading a global government engagement strategy on a range of international policy issues, including digital economy, trade, tax and sanctions.

He also served in the Obama administration as the ITA’s director of policy.

Additionally, he has had an extensive legal career, including serving as a legal officer for the World Trade Organization, Trade and Investment Policy Advisor at Steptoe and Johnson LLP.

He also served a law clerk for Judge Jane A Restani at the US Court of International Trade.

Venkataraman holds a JD from Columbia Law School, a Master of Arts in Law and Diplomacy from the Fletcher School of Law and Diplomacy, and a BA from Tufts University.

“In over 20 years working in the field of trade, I have seen first-hand the value that American companies and workers offer in every corner of the globe. The world turns to the US because we have the expertise, experience, and entrepreneurial spirit to provide the products, services and innovative solutions that make a difference. I thank President Biden, Secretary Raimondo, and the US Senate for entrusting me with this position,” said Venkataraman in a press release.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

dear reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practice the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Publisher

.

Leave a Comment

%d bloggers like this: