The Israeli-Palestinian peace efforts have been suspended following European Union’s decision that requires labeling of the products made in occupied territories.
Israel’s Prime Minister Benjamin Netanyahu told the foreign ministry to carry out “a reassessment of the involvement of EU bodies in everything that is connected to the diplomatic process with the Palestinians,” foreign ministry said in a statement.
“Until completion of the reassessment, the Prime Minister has ordered a suspension of diplomatic contacts with the EU and its representative in this matter”.
The Israeli foreign ministry also added that the move would not affect the country’s relations with individual countries in the common currency block.
The Wall Street Journal reported that the EU’s executive laid out the guidelines for labeling goods from Israeli settlements in the occupied West Bank earlier this month. Israel’s foreign ministry had warned that this would lead to Israeli questions about the bloc’s role in future peace negotiations.
“The EU should be ashamed of itself,” Netanyahu said at the time. “The EU has decided to label Israel, and we are not prepared to accept the fact that Europe is labeling the side that is being attacked by terrorism.”
Politico reported that the U.K., Belgium and Denmark already label Israeli products to differentiate the ones coming from Israel proper from those that come from the West Bank. Following the decision, all EU member countries will have to follow the same guidelines.
Israel’s foreign ministry has announced that its officials would not attend a number of scheduled EU meetings. At present, no peace talks are planned, although the White House has said a peace deal would not happen before President Barack Obama leaves office in January 2017.


Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains
SpaceX Pushes for Early Stock Index Inclusion Ahead of Potential Record-Breaking IPO
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Nvidia CEO Jensen Huang Says AI Investment Boom Is Just Beginning as NVDA Shares Surge
Nvidia, ByteDance, and the U.S.-China AI Chip Standoff Over H200 Exports
American Airlines CEO to Meet Pilots Union Amid Storm Response and Financial Concerns
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape
SoftBank Shares Slide After Arm Earnings Miss Fuels Tech Stock Sell-Off
CK Hutchison Launches Arbitration After Panama Court Revokes Canal Port Licences
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Alphabet’s Massive AI Spending Surge Signals Confidence in Google’s Growth Engine
Baidu Approves $5 Billion Share Buyback and Plans First-Ever Dividend in 2026
Ford and Geely Explore Strategic Manufacturing Partnership in Europe
TSMC Eyes 3nm Chip Production in Japan with $17 Billion Kumamoto Investment
SpaceX Prioritizes Moon Mission Before Mars as Starship Development Accelerates 



