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Norway plans to ban trade with Israeli settlements in Palestinian territories - Finance news and analysis from Global Banking & Finance Review
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Norway plans to ban trade with Israeli settlements in Palestinian territories

Published by Global Banking & Finance Review

Posted on June 19, 2026

2 min read

· Last updated: June 19, 2026

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Norway Proposes Ban on Trade With Israeli Settlements in Palestine

Norwegian Government Introduces Legislation Targeting Settlement Trade

COPENHAGEN, June 19 (Reuters) - Norway's government said on Friday it plans to ban its citizens and companies from trading in goods produced in Israeli settlements in the occupied Palestinian territories.

Background and Context

• Norway in 2024 recognised Palestinian statehood

Official Statement

• "Norwegian citizens and Norwegian companies must not profit from or support activities that help sustain Israel's unlawful settlement activity in Palestine," Foreign Minister Espen Barth Eide said in a statement.

Details of the Proposed Bill

Scope of the Ban

• Proposed bill, which is widely expected to pass in Norway's parliament, includes a ban on importing and exporting goods from Israeli settlements in Palestine.

Real Estate Transactions

• Bill also bans real estate transactions.

International Reactions and Legal Context

United Nations Position

• The United Nations has on several occasions deemed Israeli settlements in the occupied Palestinian territories illegal.

Israeli Response

• Israel cites biblical and historical ties to the West Bank to dispute a 2024 ruling against their presence by the United Nations' highest court.

Next Steps

Consultation Deadline

• The consultation deadline for the Norwegian bill is September 19.

(Reporting by Louise Rasmussen, editing by Terje Solsvik)

Key Takeaways

  • Norway officially recognized the State of Palestine effective May 28, 2024, reinforcing its commitment to a two‑state solution under international law (regjeringen.no).
  • The proposed bill bans import/export of goods and real estate dealings related to Israeli settlements, underlining Norway’s stance against settlement activity deemed illegal by the UN and the International Court of Justice (en.wikipedia.org).
  • The bill’s public consultation period runs until September 19, and it is expected to pass in Norway’s parliament, signaling a shift in Europe’s response to the Israeli‑Palestinian conflict (en.wikipedia.org).

References

Frequently Asked Questions

What does Norway's proposed bill on Israeli settlements ban?
The bill bans importing, exporting, and real estate transactions involving goods produced in Israeli settlements in the occupied Palestinian territories.
Why is Norway banning trade with Israeli settlements?
Norway aims to prevent its citizens and companies from profiting from or supporting activities that sustain Israel's settlement activity, which is deemed unlawful.
When is the consultation deadline for Norway's bill?
The deadline for the consultation on the Norwegian bill is September 19.
Has Norway officially recognized Palestinian statehood?
Yes, Norway recognized Palestinian statehood in 2024.
Are Israeli settlements in Palestinian territories considered illegal by the UN?
Yes, the United Nations has on several occasions deemed Israeli settlements in the occupied Palestinian territories illegal.

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