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 resolution 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 and imported approximately $67 billion from Ireland. It emphasizes the historical ties between New Mexico and Ireland, including cultural, religious, and business connections, and suggests that increased bilateral trade and investment could benefit New Mexico's economy.

The memorial proposes the establishment of a New Mexico-Ireland trade commission to facilitate and advance trade and investment opportunities between the two regions. It calls for the committee to make recommendations for legislative initiatives that could be considered in the upcoming legislative session. Additionally, the resolution requests that copies of the memorial be sent to the co-chairs of the New Mexico legislative council and the secretary of economic development.