Finance

Ireland to press ahead with trade ban on Israeli-occupied areas

Published by Global Banking & Finance Review

Posted on May 27, 2025

2 min read

· Last updated: January 23, 2026

Add as preferred source on Google
Ireland to press ahead with trade ban on Israeli-occupied areas
Global Banking & Finance Awards 2026 — Call for Entries

DUBLIN (Reuters) -Ireland's cabinet gave its formal backing on Tuesday to drafting legislation on restricting trade with Israeli settlements in the occupied Palestinian territories, but the bill is

Ireland Moves Forward with Trade Restrictions on Israeli Settlements

DUBLIN (Reuters) -Ireland's cabinet gave its formal backing on Tuesday to drafting legislation on restricting trade with Israeli settlements in the occupied Palestinian territories, but the bill is unlikely to be passed by parliament until later in the year.

While Ireland does very little trade with the settlements, Prime Minister Micheal Martin said it was a "symbolic move" that follows its official recognition last year of a Palestinian state, alongside a small number of other European countries.

The bill, which would ban the import of goods from the settlements but is unlikely to include services, will be considered by a parliamentary committee in the coming weeks, Foreign Minister Simon Harris said.

A final bill will then go through parliamentary scrutiny before the upper and lower houses vote on it, likely later this year.

"In many ways this is a small measure but it is imperative on all countries to do all that we can to maximize the pressure and conditions to bring about a ceasefire," Harris said, adding that he hoped other countries would bring in similar measures.

The move comes after Britain last week paused free trade talks with Israel and announced further sanctions against West Bank settlers.

The European Union also announced a review last week of a pact governing its political and economic ties with Israel, a step Ireland and Spain first proposed together over a year ago.

A bill limiting trade with settlements in Israeli-occupied territories was first tabled in 2018 by an Irish independent lawmaker but blocked by the then government because the EU, not member nations, is responsible for the bloc's trade policy.

However, the government late last year said that an advisory opinion by the United Nations' highest court in July that Israel's occupation of the Palestinian territories was illegal would allow it to move forward on the issue.

(Reporting by Padraic Halpin and Conor HumphriesEditing by Gareth Jones)

Key Takeaways

  • Ireland's cabinet supports trade ban on Israeli settlements.
  • Legislation follows Ireland's recognition of a Palestinian state.
  • Bill will be reviewed by a parliamentary committee soon.
  • Move aligns with EU's review of ties with Israel.
  • Ireland aims to pressure for a ceasefire in the region.

Frequently Asked Questions

What trade restrictions is Ireland proposing?
Ireland's cabinet has backed legislation to restrict trade with Israeli settlements in the occupied Palestinian territories, primarily banning the import of goods from these settlements.
Why is Ireland implementing these trade restrictions?
The trade ban is viewed as a symbolic move to increase pressure for a ceasefire and follows Ireland's recognition of a Palestinian state last year.
What is the legislative process for this bill?
The bill will be reviewed by a parliamentary committee and will undergo parliamentary scrutiny before being voted on by both the upper and lower houses later this year.
How does this move relate to other countries' actions?
This decision follows Britain's recent pause in free trade talks with Israel and the EU's review of its political and economic ties with Israel.
What historical context is relevant to this legislation?
A similar bill was first proposed in 2018 but was blocked by the government at that time due to EU regulations, which have since been reassessed following a UN advisory opinion on Israel's occupation.

Tags

Related Articles

More from Finance

Explore more articles in the Finance category