Washington, DC: 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 that 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 Joe 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 inflicted by COVID-19,” said Secretary of Commerce Gina Raimondo.
“His experience and leadership helping the US public and private sectors navigate and overcome critical trade challenges have 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.
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.