Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking & Finance Review®

Global Banking & Finance Review® - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Advertising and Sponsorship
    • Profile & Readership
    • Contact Us
    • Latest News
    • Privacy & Cookies Policies
    • Terms of Use
    • Advertising Terms
    • Issue 81
    • Issue 80
    • Issue 79
    • Issue 78
    • Issue 77
    • Issue 76
    • Issue 75
    • Issue 74
    • Issue 73
    • Issue 72
    • Issue 71
    • Issue 70
    • View All
    • About the Awards
    • Awards Timetable
    • Awards Winners
    • Submit Nominations
    • Testimonials
    • Media Room
    • FAQ
    • Asset Management Awards
    • Brand of the Year Awards
    • Business Awards
    • Cash Management Banking Awards
    • Banking Technology Awards
    • CEO Awards
    • Customer Service Awards
    • CSR Awards
    • Deal of the Year Awards
    • Corporate Governance Awards
    • Corporate Banking Awards
    • Digital Transformation Awards
    • Fintech Awards
    • Education & Training Awards
    • ESG & Sustainability Awards
    • ESG Awards
    • Forex Banking Awards
    • Innovation Awards
    • Insurance & Takaful Awards
    • Investment Banking Awards
    • Investor Relations Awards
    • Leadership Awards
    • Islamic Banking Awards
    • Real Estate Awards
    • Project Finance Awards
    • Process & Product Awards
    • Telecommunication Awards
    • HR & Recruitment Awards
    • Trade Finance Awards
    • The Next 100 Global Awards
    • Wealth Management Awards
    • Travel Awards
    • Years of Excellence Awards
    • Publishing Principles
    • Ownership & Funding
    • Corrections Policy
    • Editorial Code of Ethics
    • Diversity & Inclusion Policy
    • Fact Checking Policy
    Original content: Global Banking and Finance Review - https://www.globalbankingandfinance.com

    A global financial intelligence and recognition platform delivering authoritative insights, data-driven analysis, and institutional benchmarking across Banking, Capital Markets, Investment, Technology, and Financial Infrastructure.

    Copyright © 2010-2026 - All Rights Reserved. | Sitemap | Tags

    Editorial & Advertiser disclosure

    Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    1. Home
    2. >Finance
    3. >Ireland to press ahead with trade ban on Israeli-occupied areas
    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 - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityInternational tradefinancial community

    Quick Summary

    Ireland moves to ban trade with Israeli settlements, a symbolic step following its recognition of a Palestinian state. The bill will undergo parliamentary review.

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

    1What 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.

    2Why 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.

    3What 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.

    4How 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.

    5What 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.

    More from Finance

    Explore more articles in the Finance category

    Image for UK's Headlam warns of revenue drop as Middle East war pushes costs higher
    UK's Headlam Warns of Revenue Drop as Middle East War Pushes Costs Higher
    Image for Hedge fund founder Odey gives evidence in fight against financial industry ban
    Hedge Fund Founder Odey Gives Evidence in Fight Against Financial Industry Ban
    Image for UK's RS Group forecasts annual profit marginally ahead of market view
    UK's Rs Group Forecasts Annual Profit Marginally Ahead of Market View
    Image for Spanish gambling group Codere to go on sale for $2.3 billion, Expansion reports
    Spanish Gambling Group Codere to Go on Sale for $2.3 Billion, Expansion Reports
    Image for UK's ASOS posts 50% profit surge on cost-focussed revamp
    UK's Asos Posts 50% Profit Surge on Cost-Focussed Revamp
    Image for UK inflation holds at 3.0% in February
    UK Inflation Holds at 3.0% in February
    Image for Fastweb + Vodafone terminates agreement with INWIT
    Fastweb + Vodafone Terminates Agreement With Inwit
    Image for Asia looks to COVID-era playbook to tackle fuel crisis
    Asia Looks to COVID-era Playbook to Tackle Fuel Crisis
    Image for Analysis-Western powers were unable to secure shipping in the Red Sea. Hormuz will be harder
    Analysis-Western Powers Were Unable to Secure Shipping in the Red Sea. Hormuz Will Be Harder
    Image for Air Liquide executive: will allocate helium volume from other places in the world
    Air Liquide Executive: Will Allocate Helium Volume From Other Places in the World
    Image for Blaze at Russia's Baltic Sea port of Ust-Luga after major Ukrainian drone attack
    Blaze at Russia's Baltic Sea Port of Ust-Luga After Major Ukrainian Drone Attack
    Image for Morning Bid: Deal, or no deal?
    Morning Bid: Deal, or No Deal?
    View All Finance Posts
    Previous Finance PostEU Sanctions Cost Kosovo 600 Million Euros in Stalled Funds, Says Think Tank
    Next Finance PostRussia's Gazprom Puts Offices Near Moscow up for Sale for $129 Million