Bill > HCR209

This concurrent resolution requests the State of Hawaii to consider import substitution as a strategic approach to economic growth and diversification. Recognizing Hawaii's unique geographical isolation and vulnerability to supply chain disruptions, the resolution urges key state agencies like the Department of Business, Economic Development, and Tourism to identify sectors where local production can replace imported goods, such as food, energy, and technology components. The resolution calls for developing policy measures and incentives to encourage private investment in local production, drawing inspiration from successful import substitution strategies employed by Asian economies like Japan, South Korea, and Taiwan. Specifically, state agencies are asked to collaborate with private industry and research institutions, examine Hawaii's historical economic experiences, develop a comprehensive strategic plan, and prevent new import dependencies. The agencies are requested to submit a joint report with findings and recommendations to the Legislature before the 2026 Regular Session, and the resolution calls for transmitting copies to various state and county leaders to promote this economic diversification strategy.

Business and Industry

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=HCR&billnumber=209&year=2025