Please join us on June 22, 2015 at 14:00 GMT | 16:00 South Africa for a press briefing with Assistant Secretary of Commerce for Global Markets Arun Kumar
Assistant Secretary of Commerce for Global Markets and Director General of the U.S. and Foreign Commercial Service Arun Kumar is joining U.S. Secretary of Transportation Anthony Foxx to lead a delegation of 14 U.S. companies to sub-Saharan Africa (see the trade mission media advisory below). Assistant Secretary Kumar will discuss how the U.S. Department of Commerce is supporting President Obama’s Doing Business in Africa campaign and expanding its footprint on the continent to promote increased U.S. exports to Africa.
Speakers: Assistant Secretary of Commerce for Global Markets Arun Kumar
Date: Monday, June 22, 2015
Time: 14:00 GMT | 16:00 South Africa
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Language: English. Interpretation may be available in French and Portuguese if requested.
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Arun Kumar, Assistant Secretary for Global Markets
U.S. Department of Commerce
Arun M. Kumar was confirmed by the U.S. Senate on March 13, 2014, as Assistant Secretary of Commerce for Global Markets and Director General of the US and Foreign Commercial Service.
In this role, Mr. Kumar leads the trade and investment promotion efforts for the U.S. Government. With offices in over 100 U.S. cities and in 72 world markets, he also serves as the International Trade Administration’s lead official advocating for better market access for U.S. exporters.
Kumar has extensive global experience in the business world. Prior to his nomination by President Obama, he was a partner and member of the Board of Directors at KPMG, LLP. He led the firm’s West Coast Management Consulting practice serving major global clients as well as emerging Silicon Valley ventures while creating thought leadership to advance business practices in finance management. He also founded and led KPMG’s US-India Practice. Previously, Kumar was a Silicon Valley entrepreneur, as founding CEO and CFO of three technology ventures in Silicon Valley, near his home in California. Over the years, he has been a mentor and advisor to a number of new ventures in Silicon Valley and India.
Kumar served on advisory councils at Stanford University and the University of California, Santa Cruz. An early Charter Member of TiE Silicon Valley, he served on its Board. He also served on the Board of Directors of the US India Business Council. Kumar is the author of a book of poetry, Plain Truths, published by Current Books, 2010, and co-editor of Kerala’s Economy: Crouching Tiger, Sacred Cows, published by DC Books, 2007.
Kumar received his master’s in management from the Sloan School of Management, Massachusetts Institute of Technology and a bachelor’s degree in physics from the University of Kerala, India. He started his career in India as a member of TAS, the central management cadre of the Tata Group. Kumar and his wife Poornima have two sons, Ashvin and Vikram.
U.S. Secretary of Transport Anthony Foxx to Lead Multi-Sector Trade Mission to Sub-Saharan Africa
06/10/2015 | Contact: Mary Trupo | +1(202) 482-3809
WASHINGTON – U.S. Secretary of Transportation Anthony Foxx will lead a delegation of 14 U.S. companies on a multi-sector trade mission to sub-Saharan Africa, June 18-26. He will be accompanied on the mission by Assistant Secretary of Commerce for Global Markets Arun Kumar. This trade mission, targeting Mozambique, South Africa, and Kenya, will introduce U.S. firms in the transportation, energy equipment and services, and the agricultural equipment sectors to the sub-Saharan Africa region while also promoting the importance of exports of these companies’ world-class products and services. This is the first trade mission led by a U.S. Secretary of Transportation.
“U.S. companies are continually evaluating new markets in order to grow their business. The mission participants offer the products, services, and technological expertise needed to help these three markets achieve their goals in a variety of critical industry sectors,” said Secretary Foxx. “This trade mission represents our commitment to connecting U.S. companies to opportunities on the continent, and will lead to business growth for both U.S. companies and their local partners.”
Sub-Saharan Africa is the world’s second fastest-growing region and home to six of the 10 fastest-growing economies (Congo, Ethiopia, Ghana, Mozambique, Tanzania, and Zambia). With economic growth predicted to reach 4.5 percent in 2015, the region is outpacing global average growth. U.S. goods exports to sub-Saharan Africa increased by 6 percent, reaching a record $25.4 billion in 2014. In August 2014, President Obama announced $7 billion in new financing to promote U.S. exports to and investments in Africa as part of his Doing Business in Africa campaign.
“This trade mission supports President Obama’s Doing Business in Africa campaign by connecting U.S. businesses with African partners throughout the region,” said Kumar. “Sub-Saharan Africa offers U.S. companies important opportunities to expand their reach in the global marketplace. Economic growth in these three markets will drive demand for U.S. exports and ultimately help create jobs here at home.”
Representatives from the following U.S. companies will participate in the trade mission:
- Cashman Equipment Corporation – Braintree, Mass.
- Eberhart Capital, LLC – Scottsdale, Ariz.
- Fluor Corporation – Irving, Texas
- First Solar Development – Missouri, Texas
- General Electric – Fairfield, Conn.
- Hightowers Petroleum Co. – Middletown, Ohio
- Honeywell International, Inc. – Morristown, N.J.
- Kanawha Scales and Systems, Inc. – Poca, W.Va.
- Progress Rail Services Corporation – Albertville, Ala.
- RDO Equipment Co. – Fargo, N.D.
- Scimitar Global Markets, LLC – Stamford, Conn.
- Teras Cargo Transport (America), LLC – Gig Harbor, Wash.
- United Laboratories – Northbrook, Ill.
- Yegg, Inc. – Manhattan Beach, Calif.
Trade mission participants will gain market insights, make industry contacts, solidify business strategies, and advance specific projects, all with the goal of increasing U.S. exports of products and services to the region.
For additional information, please visit http://www.export.gov/trademissions.
International Trade Administration
The International Trade Administration (ITA) is the premier resource for American companies competing in the global marketplace. ITA has 2,100 employees assisting U.S. exporters in more than 100 U.S. cities and 75 markets worldwide. For more information on ITA visit www.trade.gov.