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HI HR34
Resolution
Status
2/28/2018
Primary Sponsor
Angus McKelvey
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AI Summary
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Urges the Department of Business, Economic Development and Tourism to strengthen economic relations between Hawaii and Australia and pursue opportunities for increased investment and economic cooperation.
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Highlights the strategic importance of Hawaii's geographic location in the Pacific for facilitating U.S.-Australia economic ties and promoting international cooperation.
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Notes that Australia has the world's fourth-largest pool of pension funds and that major Australian firms lead globally in infrastructure financing and management.
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Emphasizes the existing $1.1 trillion in bilateral investment between the United States and Australia, with the U.S. being Australia's largest investment destination.
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Requires the Department to submit a report documenting any activities undertaken to strengthen Hawaii-Australia economic relations.
Legislative Description
Urging The Department Of Business, Economic Development And Tourism To Strengthen Hawaii's Economic Relations And Increase And Develop Additional Investment And Economic Opportunities With Australia.
Urging the Department of Business, Economic Development and Tourism to strengthen economic relations between Hawaii and Australi
Last Action
Report adopted; referred to the committee(s) on FIN with none voting aye with reservations; none voting no (0) and Representative(s) Souki excused (1).
3/28/2018