This bill is a memorial requesting the New Mexico legislative council to direct an appropriate interim legislative committee to study the potential benefits of establishing a formal economic relationship with the Republic of Ireland. The bill highlights the significant trade between the United States and Ireland, noting that in 2023, the U.S. exported over $24 billion in goods to Ireland, while Ireland exported approximately $67 billion to the U.S. The memorial emphasizes the historical ties between New Mexico and Ireland, including cultural and business connections, and suggests that enhancing these ties could lead to increased bilateral trade, investment opportunities, and access to the European Union for New Mexico companies.

The resolution calls for the committee to explore the establishment of a New Mexico-Ireland trade commission aimed at advancing trade and investment between the two regions. It also requests that the committee make recommendations for legislative initiatives to be considered in the upcoming legislative session. Additionally, the memorial instructs that copies be sent to the co-chairs of the New Mexico legislative council and the secretary of economic development to ensure awareness and support for the proposed study and initiatives.