“One country, two systems” provides a good role model for the Marshall Islands to develop its digital special economic zone, a conference on the digital economy organized by the Marshall Islands and the World Organization of Governance and Competitiveness heard on Tuesday.

“Based on ‘one country, two systems’, Hong Kong has achieved miracles as it pursues its globalization strategies,” said Kessai Note, former president of the Republic of the Marshall Islands.

Hong Kong’s success model offers a good reference for the Marshall Islands 

Kenneth Kedi, speaker, legislature of the Republic of the Marshall Islands

Leveraging on digitization and information technology, the island nation in the Pacific Ocean will use the Hong Kong model to develop itself into a tourism, casino, entertainment and financial hub.

The Marshall Islands, comprising more than 1,100 islands and islets, is an island nation located near the equator in the Pacific Ocean, With a population of more than 53,000 people, its key industries include agriculture, shipping and tourism.

“Based on ‘one country, two systems’, Hong Kong has achieved miracles as it pursues its globalization strategies,” said Kessai Note, former president of the Republic of the Marshall Islands.

The Preparatory Committee of Rongelap Atoll Digital Special Administrative Region of the Republic of the Marshall Islands, along with the World Organization of Governance and Competitiveness, held the conference in Hong Kong to roll out strategies on how to capitalize digitization that can slash business costs, and integrate global supply-chains and industry commodity supply.

“Through the unique ‘one country, two systems’, Hong Kong has become China’s re-export base and a global financial center in opening up the economy,” said Kenneth Kedi, speaker of the legislature of the Republic of the Marshall Islands.

“As a global financial center, Hong Kong attracts talents, technology and capital, making the city highly ranked in the global indices of finance, trade, freedom and competitiveness. Hong Kong’s success model offers a good reference for the Marshall Islands,” Kedi said.

oswald@chinadialyhk.ocm