News

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


  • Southern Maine exports on the rise

    A spike in aircraft turbines and semiconductor manufacturing helped the Portland metro area grow its exports by more than 8 percent in 2015, making it the fastest-growing billion-dollar-plus exporting region in New England, according to newly released federal data. Read more
  • Partnership to Attract Top Talent to Maine

    A partnership between top Maine economic development organizations and the Maine Turnpike Authority is helping fund a pilot program to attract top talent to Maine. The Maine Department of Economic Development (DECD), Maine International Trade Center (MITC), Maine & Company, Live + Work in Maine and Maine Turnpike Authority (MTA) recognized the immediate – and possibly long-term – opportunity to capitalize on the busy tourist season. Read more
  • Ripple effects from ‘Brexit’ vote could impact Maine trade

    The United Kingdom’s surprising vote Thursday to leave the European Union sent its national currency, the pound sterling, tumbling to a 30-year low. If that holds, it could put a dent in exports to the country, according to Maine’s top trade official. Read more
  • State leading its first trade mission to Scandinavia

    The opening of a direct shipping line to the North Atlantic and growing world interest in Arctic affairs have prompted state government to lead its first trade mission to Scandinavia. Read more
  • Maine lobster industry prepares for big season with dual focus on domestic, foreign markets

    Two chief marketers of Maine lobsters are preparing for a busy summer, as expectations are high that they’ll have lots of product to sell once the main fishing season gets underway, even if the predictions of an extremely early start to the season prove true Read more
  • US officials honor Maine trade office for boosting exports

    The U.S. Department of Commerce gave the Maine International Trade Center its highest award for helping to promote and expand U.S. exports. Read more
  • With Maine International Trade Center, even small companies can export successfully

    Export compliance may not sound like a sexy topic compared to the excitement of selling products internationally. But it can get exciting quickly if you ignore it: civil penalties for export license violations or sending sensitive goods to banned countries, for example, can run up to $250,000 per violation, and criminal penalties can carry jail time with fines topping $1 million, experts say. Companies may even be prohibited from exporting going forward. Read more
  • MITC announces International Trade and Investment Award honorees

    The Portland-based Maine International Trade Center has announced the winners of the 2016 International Trade and Investment Awards, which will officially be presented on May 26 — Maine International Trade Day. Read more
  • Sen. Angus King pursues funding to add icebreakers in Arctic

    Sen. Angus King of Maine is pushing to add money to the Coast Guard budget for the construction of icebreakers, saying the state’s economy would benefit if the United States had more of the ships to maintain Arctic shipping lanes. Read more
  • How more Maine lobsters can be cracked by the Japanese market

    After five years of double-secret negotiations, the world has had its first look at the text of the 12-nation Trans-Pacific Partnership trade pact. All together, the 12 nations comprise nearly 40 percent of the global economy, and Maine lobster exporters are just one group that hopes this will crack open new markets. Read more