HM 59 — STUDY ECONOMIC RELATIONSHIP WITH IRELAND

HOUSEA MEMORIAL 59REQUESTING 57THE THAPPROPRIATE LEGISLATURE-INTERIM STATELEGISLATIVE COMMITTEE TO STUDY THE BENEFITS OF NEWA MEXICOFORMAL -ECONOMIC FIRSTRELATIONSHIP SESSIO,WITH 2025THE INTRODUCEDREPUBLIC BYOF MarkIRELAND B.AND PROPOSE APPROPRIATE LEGISLATIVE INITIATIVES.

Murphy7 andWHEREAS, Martinin R.2023, the United States exported to Ireland twenty-four billion one hundred million dollars ($24,100,000,000) in goods, including:

ZamoraA. and Andrea Reeb and Pat Woods and Pat Boone 7 9 A MEMORIAL REQUESTING THE APPROPRIATE INTERIM LEGISLATIVE COMMITTEE TO STUDY THE BENEFITS OF A FORMAL ECONOMIC RELATIONSHIP WITH THE REPUBLIC OF IRELAND AND PROPOSE APPROPRIATE LEGISLATIVE INITIATIVES.

16seven WHEREAS, in 2023, the United States exported to Ireland e t 17 twenty-four billion onethree hundred sixty million dollars w($7,360,000,000) lin nplanes, dhelicopters 18and ($24,100,000,000)spacecraft; in goods, including:

=B. = 19 a l A.

seventhree billion three hundred sixty million i a e r 20 dollars ($7,360,000,000)($3,060,000,000) in planes,vaccines, helicoptersblood, antisera, toxins and spacecraft;cultures;

aand tC. m m 21 B.

three billion sixty million dollars d r e 22 ($3,060,000,000) in vaccines, blood, antisera, toxins and c e s k 23 cultures;

and e a n b 24 u [ C.

and .231786.5 WHEREAS, over the past five years, exports of United States products to Ireland have increased at an annualized rate of almost four percent, from twenty billion dollars ($20,000,000,000) in 2018 to twenty-four billion one hundred million dollars ($24,100,000,000) in 2023;

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and WHEREAS, over the past five years, exports of Irish e t 17 products to the United States have increased at an annualized w l n d 18 rate of almost six percent, from fifty-one billion dollars = = 19 a l ($51,000,000,000) in 2018 to sixty-seven billion four hundred i a e r 20 million dollars ($67,400,000,000) in 2023;

and a t m m 21 WHEREAS, New Mexico and Ireland have a more-than-two- d r e 22 hundred-year history of deep cultural, religious and business c e s k 23 ties;

and e a n b 24 WHEREAS, many Irish immigrants came to our state during u [ the European famines and New Mexico mining booms of the 1800s;

.231786.5 - 2 - and WHEREAS, the former St.

and WHEREAS, Glanbia nutritionals and Intel have made significant investments in New Mexico and Ireland, creating with other companies exports to Ireland of sixty-seven billion four hundred million dollars ($67,400,000,000) and HM 59 Page 2 imports from Ireland of twenty billion dollars ($20,000,000,000);

and WHEREAS, New Mexico's economy could benefit from increased e t 17 bilateral trade and investment opportunities with Ireland, w l n d 18 joint policy actions, business and academic exchanges and = = 19 a l mutual investments in infrastructure;

and i a e r 20 WHEREAS, economic ties with Ireland can provide access to a t m m 21 the European Union for New Mexico companies, thereby fostering d r e 22 economic growth in New Mexico;

and c e s k 23 WHEREAS, thirty-six states have passed or are considering e a n b 24 legislation establishing an Irish trade commission;

u [ NOW, THEREFORE, BE IT RESOLVED BY THE HOUSE OF .231786.5 - 3 - REPRESENTATIVES OF THE STATE OF NEW MEXICO that the New Mexico legislative council request the appropriate interim legislative committee addressing economic development issues to study the benefits of a formal economic relationship with the Republic of Ireland, including establishing a New Mexico-Ireland trade commission to advance bilateral trade HM 59 Page 3 and investment between Ireland and New Mexico, and make recommendations for legislative initiatives for the 2026 legislative session;

-HM 459 -Page 144 168 e25 t 17 w l n d 18 = = 19 a l i a e r 20 a t m m 21 d r e 22 c e s k 23 e a n b 24 u [ .231786.5