Services are not included in the bill which Offaly TD Tony McCormack says is in the interests of protecting Irish employment.
The Foreign Affairs Minister says she wants the entirety of the European Union to adopt the restrictions set out in the Occupied Territories Bill.
The government's version of the bill, which proposes banning the trade of goods with illegal Israeli settlements in Palestine, has been brought forward to Cabinet this morning.
It's expected to be approved by ministers, and will then be subject to a Dáil debate in the coming weeks.
Offaly TD and member of the Oireachtas Employment Committee Tony McCormack says it's about providing balance:
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