U.S. Senators Olympia J. Snowe and Susan Collins and Representatives Mike Michaud and Chellie Pingree today hailed the designation of Brunswick as a Foreign-Trade Zone (FTZ) by the U.S. Department of Commerce's Foreign-Trade Zones Board. The Midcoast Regional Redevelopment Authority (MRRA) submitted an application for the status in 2010, and the entire delegation supported the action in a letter to the Board on July 13, 2010. The establishment of a FTZ port of entry in Brunswick will allow businesses at Brunswick Landing involved with international trade to receive duty-free treatment on items processed within the FTZ, or deferred payment of duties on items until they are shipped out of the FTZ for sale in the United States. According to the Foreign-Trade Zones Board, "this helps to offset customs advantages available to overseas producers to compete with domestic industry." In Maine, Bangor, Madawaska, Belfast, and Portland are designated as FTZ port of entries.
In a joint statement, the Maine Congressional Delegation said:
"We are pleased the Foreign-Trade Zones Board has recognized the depth and breadth of the economic opportunities available at Brunswick Landing for the Midcoast region and Maine by establishing Brunswick as a Foreign-Trade Zone. When Brunswick Naval Air Station was closed as a result of the ill-conceived 2005 Base Realignment and Closure process, we pledged that no stone would be left unturned in support of the Brunswick-Topsham region's economic recovery. The new designation is a critical tool for the Midcoast Regional Redevelopment Authority in attracting additional business opportunities and is a clear step in the right direction."
As the Delegation wrote in their July 2010 letter, the designation "will allow MRRA to market and attract businesses in its targeted market clusters of aviation manufacturing and remanufacturing, as well as composite technologies and alternative energy product manufacturing that often purchase goods and raw materials from outside of the United States."