This act establishes the "Missouri Ireland Trade Commission" within the Department of Economic Development. The Commission shall be composed of nine members appointed as described in the act. The Commission shall study potential means of advancing bilateral trade and investment, policy issues, business and academic exchanges, mutual economic support, and mutual investment in the infrastructure of this state and Ireland. No later than fifteen months after the effective date of the act, and annually thereafter, the Commission shall submit a report to the Governor and the General Assembly detailing its findings and recommendations.