Bill > HR201

This resolution requests the State of Hawaii to consider import substitution as a strategic approach to economic growth and diversification, recognizing the state's unique geographical isolation and vulnerability to supply chain disruptions. The resolution highlights historical examples from Asian economies like Japan, South Korea, and Taiwan, which successfully used import substitution strategies to develop domestic industries by protecting emerging sectors, providing government financing, and fostering technological innovation. Specifically, the resolution urges relevant state departments, including the Department of Business, Economic Development, and Tourism and the Department of Agriculture, to identify sectors where local production can replace imported goods, propose policy measures to encourage private investment, collaborate with industry and research institutions, and develop a comprehensive strategic plan. The agencies are requested to examine Hawaii's historical economic experiences, avoid creating new import dependencies (particularly in energy), and submit a joint report with findings and recommendations to the Legislature prior to the 2026 Regular Session. The resolution emphasizes that import substitution could potentially enhance local production capacity in areas such as agriculture, manufacturing, renewable energy, and technology, ultimately creating jobs, improving economic stability, and reducing the overall cost of living in Hawaii.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HR&billnumber=201&year=2025