Browse our collection of links to recent news stories about MITC, our members, and international trade topics of interest.

  • Lobster industry fears lost sales from ramped-up Canadian exports

    A new trade deal looming between Canada and the European Union is setting off alarm bells in the Maine lobster industry. The deal between Canada and the EU – the largest seafood consumer market in the world – would eliminate tariffs on Canadian lobster exports into Europe and give the Maritimes a competitive advantage over their American counterparts, who would be stuck selling lobsters with tariffs ranging from 8 percent for a live lobster to 20 percent on processed or cooked lobster. Read more
  • Eimskip shipping company adding 4 more port calls to Portland this year

    More shipments show the Icelandic company’s confidence in the port’s connection to international shipping lanes and that a cold-storage warehouse will be completed on the waterfront, the director of the Maine Port Authority says. Read more
  • Forum brings northern Maine into loop on global trade opportunities

    More than 2,200 Maine companies are selling goods and services in the international marketplace and the state is attracting interest abroad, according to Wade Merritt, vice president of the Maine International Trade Center. Those Maine companies exported internationally $2.8 billion worth of goods and services last year, Merritt said at a Feb. 9. business forum organized by the Central Aroostook Chamber of Commerce. Read more
  • Maine’s aerospace exports soared to record $312 million last year

    Exports of civilian aircraft, aviation engines and parts jumped more than 30 percent last year, becoming Maine’s second-most valuable export industry after seafood, according to federal trade data. Read more
  • Value of Maine lobster exports to China on pace to triple for 2016

    Live lobster exports to China are on pace to triple in value in 2016, despite the incursion of some new lobster suppliers to the growing Asian market. Read more
  • Maine exports up 5% for year, national average is in the red

    Exports of Maine goods through October 2016 rose 5.8% and likely will end the year up 5%, compared to a negative national average, according to the Maine International Trade Center. Read more
  • SBA grants $145,000 to help small business with exports

    The Maine International Trade Center received a $145,000 grant to support export growth among small businesses. The grant was awarded by the U.S. Small Business Administration’s competitive State Trade Expansion Program. Read more
  • How the thawing Arctic could make money for Maine

    For Maine, climate change’s silver lining may well turn out to be that the thawing of the Arctic Ocean boosts the state’s economy, according to public officials who gathered here this week. Read more
  • Conference hints at potential for Maine’s maritime economy

    An intergovernmental forum of Arctic nations will convene in Portland this week, suggesting the region has an outsized role – and job opportunities – as warming seas open trade routes. Read more
  • Maine’s lobster exports going full steam, with Asian market growing

    Maine’s lobster industry is on pace for its best year ever, having sold $103 million worth of lobster abroad in the first half of 2016. That’s more than twice as much as the $48.3 million it sold over the same period in 2015, and is even better than in 2014, when Maine had sold $54.7 million worth of lobster by July and ended the year with a record $365.5 million in foreign sales. Read more