Hawaii’s strategic location in the Pacific Ocean has long established it as a pivotal point in global trade. Serving as a natural bridge between the U.S. mainland and Asia, the islands play a crucial role in facilitating international commerce.
Foreign-Trade Zone No. 9: Boosting Hawaii’s Economy
Established in 1966, Hawaii’s Foreign-Trade Zone No. 9 (FTZ9) has been instrumental in promoting international business. In 2024, FTZ9 handled merchandise valued at $10.6 billion from 24 different countries, supporting over 4,000 jobs across 289 firms. The zone offers significant benefits, including duty deferral and tariff savings, making it an attractive option for businesses engaged in global trade. Learn more about FTZ9.
State Initiatives: Encouraging Global Engagement
The Hawaii State Trade Expansion Program (HiSTEP) actively supports local businesses in entering international markets. Through initiatives like ‘Go Global!’, companies gain opportunities to showcase their products at international trade shows and consumer events. Upcoming events include the Fancy Food Show in San Diego and GULFOOD in Dubai, providing platforms for Hawaii’s businesses to expand their global footprint. Discover more about Go Global!.
Educational Foundations: Preparing Global Citizens
Hawaii’s educational institutions are committed to fostering global awareness. The University of Hawaii System offers various international programs, encouraging students to engage in global initiatives and partnerships. These programs aim to prepare students for careers in international relations, business, and other fields that require a global perspective. Explore UH’s international initiatives.
Looking Ahead: Strengthening Hawaii’s Global Position
As global trade dynamics evolve, Hawaii continues to adapt and strengthen its position as a key player in international commerce. By leveraging its strategic location, robust trade infrastructure, and commitment to global engagement, the state is poised to remain a vital link in the global supply chain.