IADC’s Petty to lead ITAC Investment Working Group

Posted on 31 January 2012

The US Secretary of Commerce and US Trade Representative (USTR) have designated IADC executive VP – government affairs Brian Petty as chairman of the Investment Working Group of the Department of Commerce Industry Trade Advisory Committees (ITACs). Mr Petty will continue to serve as chairman of ITAC2 on automotive equipment and capital goods.

Recently, IADC and 85 other groups representing the business and agricultural communities jointly wrote to US President Barack Obama expressing concerns over a proposal to merge the Office of the USTR with five other agencies into a single cabinet-level department.

The USTR plays an invaluable role in coordinating the different entities within the US government with specialized trade functions based on expertise. By balancing the interests of various constituencies and agencies, the USTR provides assurance “that no one has a thumb on the scale,” the letter stated.

As a separate entity within the Office of the President, the USTR is able to act responsively to negotiate, implement and enforce US trade objectives. The USTR is actively involved in growing US exports, eliminating foreign market barriers and improving the overall competitiveness of US farm and manufactured goods and services in the global economy.

Mr Petty can be reached via email.

Leave a Reply

*

FEATURED MICROSITES


Recent Drilling News

  • 22 December 2014

    BP and SOCAR to explore shallow water Absheron Peninsula

    BP and SOCAR signed signed a new production sharing agreement (PSA) to jointly explore for and develop potential prospects in the shallow water area around the Absheron Peninsula...

  • 17 December 2014

    Saudi Aramco: Four factors for a sustainable drilling business

    Despite the modest growth in demand and drop in oil prices today, the long-term outlook for industry is healthy. “Our industry will need to add around 40 million bbl per day for new capacity...

  • 16 December 2014

    Ensco development program produces driller in 3 years

    Ensco’s Accelerated Development Program (ADP) takes a “green” individual and, within a three-year period, trains them to become a driller. In response to personnel shortages in various areas, including drilling...

  • 16 December 2014

    Saudi Aramco: ‘Industry cannot afford to lose talent when the economy is down’

    Industry is facing a human resources challenge in two areas: the ageing workforce and the shortage of skills, Mohammed Al Sellemi...

  • 16 December 2014

    Nanotechnology has potential to improve tool performance in extreme environments

    In terms of temperature stability and corrosion, tools have limitations, especially in extremely challenging drilling environments. Jothibasu Ramasamy...

  • Read more news