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News - Globes

Quantum computing co Q-Factor raises $24m Boaz Levy to become Israel Aerospace chair Aidoc raises $150m to prevent diagnostic errors Banks' efficiency drives spark worker unrest Teva acquires Emalex Biosciences for up to $900m Gasoline prices to rise again Thursday night Deputy budget commissioner warns on �trauma economy� Israel drops key demand on Wizz Air hub Gedera house sells for NIS 5.53m Huge Crusoe Afula deal boosts Israel’s data centers sector Quantum Art extends Series A financing to $140m "Globes" poll of polls shows Beyachad brings opposition no gain Nvidia leases space for labs in Rishon Lezion Shekel-sterling rate heading below NIS 4/£ Shapir mulls buying control of Ashdod Refinery for NIS 1b Banks ask court to declare Nochi Dankner bankrupt Strong semiconductor sentiment boosts Ceva Yair Lapid and Naftali Bennett merge parties Supreme Court orders financial sanctions for draft evaders Israeli tech employees hold stock options worth NIS 150b Home price gap narrows between Tel Aviv and nearby cities Meta to lay off 100 employees in Israel EU regulator extends advisory not to fly to Israel Lyft buys Gett's London taxi-hailing operation Mobileye up sharply after beating analysts on Q1 Cyera buys Israeli startup Ryft for over $100m Israir to launch Israel-US flights in summer Ondas Israel unit to protect World Cup venues from drones Elbit awarded $200m IDF airborne munitions deal Study: IDF Talpiot program excels in producing entrepreneurs Israel's population grew 1.4% over past year Ondas wins $10m tender to clear mines in Israel Ramat Gan house sells for NIS 8.4m Is it time to buy dollars? El Al to launch subsidized Tel Aviv - Buenos Aires flights AWS extends Ichilov AI medical collaboration Elbit drones to undergo Canadian trials - report Activist investors seek to oust Radcom board Two-minute EV charging coming to Israel Businessman buys 5 Tel Aviv apartments in Dou project Mega Or buys Alliance Tire site in Hadera for NIS 1b cash El Al orders six more Dreamliners Gov't Cos Authority recommends splitting NTA Nofar Energy plans to dual list on Nasdaq New immigrants buy Tel Aviv seafront home for NIS 70m Shekel’s strength hits Israelis investing in US Israel’s enhanced F-35s performed impressively in Iran war ZIM CEO Eli Glickman quits over failed bid eToro buys Israeli startup Zengo for $70m Israel’s CPI rose 0.4% in March Strong shekel wipes out sovereign wealth fund returns Shekel-dollar rate dips below NIS 3/$ AI protection co Artemis Security raises $70m Israel's fiscal deficit narrowed sharply in March Taboola lays off 5% of workforce Apartment overlooking Jerusalem's Old City sells for NIS 66.3m Hamburger family sells Harel shares for NIS 1.2b IDF to issue tender for 12,000 Israeli-made assault drones Enlight gets regulatory nod for Arava energy storage facility Camtek acquires Israeli AI startup Visual Layer Israel’s skies reopen but booking flights is fraught with risk Israeli VC firm Iron Nation launches $60m fund Lubinski to buy 50% stake in SPAR Israel Zuk to buy Californian bank for AI overhaul Elbit Systems wins $750m Greek PULS deal Netanyahu promised intervention but thousands will lose pay Restrictions again eased for flights departing Israel Israeli startups raised $1.2b in March Kinneret ends March above bottom red line Cyabra tumbles following Nasdaq debut Identity governance co Linx Security raises $50m BoI governor signals budget could delay interest rate cuts Gasoline prices to rise sharply Tuesday night Cabinet to discuss mortgage subsidies Israeli AI code review co Qodo raises $70m Security management co Huskeys raises $8m ScaleOps raises $130m at valuation over $800m Harel buys 19% stake in Waxman Group engineers Chief economist cuts growth forecast Israeli tech startups raise $3.1b in first quarter Treasury chief resigns after just one year Gov't springs surprise NIS 800m addition for haredi education Investment home buyers taking record mortgages Bill Ackman invests in AI transitional care co Dimer Health Rafael CEO: Iron Beam becoming operational Isracard hijacks El Al’s Fly Card from ICC CAL Isracard hijacks El Al’s Fly Card from ICC CAL Iran’s underground missile bases immune to attack Delta cancels Israel flights to September as restrictions continue How safe are our safe rooms? Eilat medical school to open this year AI agents for regulated industries co Notch raises $30m VW in talks with Rafael to produce Iron Dome - report Salesforce Ventures invests in Upwind at $1.6b valuation Knesset passes first reading of Unpaid Leave Law Israeli traffic management co NoTraffic raises $90m Arkia switches flights to Aqaba and Taba Uber Eats gears up for Israel launch Restrictions eased on outbound flights Leviathan gas field resumes operations
Petition revives threat to Israel-EU trade
Assaf Uni · 2026-04-20 · via News - Globes

20 Apr, 2026 10:53

A petition calling for suspension of Israel's Association Agreement with the EU, its largest trading partner, has gathered over a million signatures, forcing EU institutions to consider it.

Suspension of the EU-Israel Association Agreement is again on the agenda in Brussels. The agreement, in force since June 2000, covers trade, cultural, political and scientific ties between Israel and the EU. An EU-wide petition calling for suspension of the agreement has so far succeeded in gathering 1.1 million signatures from among the EU’s 500 million population, enough to oblige the EU’s governing body, the European Commission, to consider its demands. In the past fourteen years, only sixteen similar petitions have managed to reach the required threshold of one million signatures.

The European Citizens’ Initiative was set in motion by left-wing parties in the European Parliament in January this year. It calls for suspension of the Association Agreement because of Israel’s actions in the Gaza Strip. The organizers seek to reach 1.5 million signatures in order to ensure that they have at least one million valid signatures verified by the approved mechanisms. Once the verification process is complete, the petition will make it obligatory to hold a discussion of the matter in the Parliament and the Commission. The grounds given for the petition are "an unprecedented level of killing and injury of civilians, a large-scale displacement of population and the systematic destruction of hospitals and medical facilities in Gaza." The petition alleges that Israel is in breach of international law.

What will Hungary’s stance be?

Last September, tensions between Israel and the EU worsened as the president of the European Commission Ursula von der Leyen announced partial suspension of the Association Agreement because of Israel’s continued operations in the Gaza Strip. Total suspension of the agreement was prevented by opposition from Hungary, Italy, Germany, and Austria. Germany and Italy formed a blocking group preventing measures against Israel, which require a special majority of two-thirds of the EU’s population. Following the ceasefire in the Gaza Strip, the matter was dropped.

Now, however, partly because of Israel’s attacks in Iran and Lebanon, several states whose governments are critical of Israel are demanding that the move should be revived. Spain, Slovenia, Ireland and other countries have declared their intention of raising the matter at the next meeting of EU foreign ministers on Tuesday in Luxemburg. Spanish prime minister Pedro Sánchez Pérez-Castejón, who has made his involvement in issues such as Iran and Gaza a central plank of his attempt to revive his political fortunes, said last week that Israel "breaches international law again and again," and publicly called for suspension of the Association Agreement.

An open question is what Hungary’s stance will be after its change of government next month. Under Viktor Orban, Hungary did not hesitate to veto what it saw as anti-Israel initiatives. Another question is whether Italy will change its position, following the political message its prime minister Giorgia Meloni conveyed to Israel last week in the form of an announcement that Italy will not renew the defense cooperation agreement with Israel that has existed for two decades.

Among countries considered friendly to Israel up to now, such as Germany, issues such as harm to the rights of Palestinians beyond the Green Line, violence against Palestinians by Jewish settlers, the Israeli government’s settlement construction policy, and the Death Penalty for Terrorists Law, have become important considerations. Israel’s ignoring of the EU’s concerns could lead to sanctions on settlers becoming broadened to EU level (rather than being confined to individual states) and perhaps to approval by EU institutions of a ban on products of West Bank settlements. In general, Israel’s image in Europe, its largest trading partner, is at its lowest ebb for years, as the readiness of Europeans to sign the petition demanding the cutting of ties between Israel and the EU demonstrates.

Published by Globes, Israel business news - en.globes.co.il - on April 20, 2026.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2026.

Israeli and EU flags on the European Parliament building in Brussels   credit: Shutterstock

Israeli and EU flags on the European Parliament building in Brussels credit: Shutterstock

Eran Hershlag

Assaf Uni