Indian American Arun Venkataraman was sworn in because 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 place, Venkataraman will lead a staff of over 1,400 staff strategically positioned in 106 places of work throughout the United States and 78 markets overseas, supporting US corporations in markets representing 95 per cent of world GDP and 97 per cent of US commerce.
This consists of over a thousand profession professionals that specialize in export promotion, industrial diplomacy and international direct funding to assist US corporations increase into worldwide markets and entice international direct funding into the United States.
Venkataraman was appointed by President Joseph R Biden and confirmed by the US Senate on April 7 to steer the federal authorities’s efforts to advertise exports overseas and entice inward funding, an official launch stated.
“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 inflicted by Covid-19,” stated 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 stated.
The Indian American has over 20 years of expertise advising corporations, worldwide organisations and the US authorities on worldwide commerce points.
Prior to his appointment, he served because the counsellor to the secretary of commerce, advising the division on commerce and different worldwide financial issues.
Before becoming a member of the Biden administration, he was a senior director at Visa, main a worldwide authorities engagement technique on a spread of worldwide coverage points, together with digital financial system, commerce, tax and sanctions.
He additionally served within the Obama administration because the ITA’s director of coverage.
Additionally, he has had an intensive authorized profession, together with serving as a authorized officer for the World Trade Organization, Trade and Investment Policy Advisor at Steptoe and Johnson LLP. He additionally served as a regulation clerk for Judge Jane A Restani on 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,” stated Venkataraman in a press launch.
