News

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


  • 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
  • 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