The proposed bill establishes the Michigan-African-Caribbean Trade Commission within the Department of Labor and Economic Opportunity, aimed at enhancing international economic development and trade between Michigan, Africa, and the Caribbean. The commission will focus on critical areas such as critical minerals, automotive technology, agriculture, and information technology services. It will consist of members appointed by the governor, including representatives from higher education, chambers of commerce, and various sectors relevant to trade and economic development. The commission is tasked with promoting bilateral trade, initiating joint policy actions, and facilitating business and academic exchanges.

Additionally, the bill creates the Michigan-African-Caribbean Trade Commission Fund to support the commission's activities through fundraising and grants. The fund will be managed by the state treasurer, ensuring that the resources are used to minimize administrative expenses and support the commission's objectives. The commission is required to report annually on its findings, including trade volume increases and job creation, and is authorized to identify initiatives that promote job creation through bilateral trade activities.