The bill establishes the New Mexico-Ireland Trade Commission, which will be administratively attached to the economic development department. The commission will consist of members appointed by various legislative leaders and the governor, including individuals with expertise in Irish affairs and trade relations between New Mexico and Ireland. The appointments will be staggered, with initial terms varying between two and four years, and subsequent appointments will be for four-year terms. The commission is tasked with promoting bilateral trade and investment, particularly in technology, agriculture, and energy sectors, and will submit an annual report detailing its findings and recommendations.

Additionally, the commission is authorized to accept various forms of contributions to support its activities. It will hold at least one meeting annually and may convene more frequently as needed. The division of international trade within the economic development department will provide necessary staff support to the commission. The bill aims to enhance economic ties between New Mexico and Ireland through collaborative efforts and mutual investment.