Can Palestine achieve financial independence?

Last month, Spain, Ireland and Norway formally recognised Palestine as a state, joining more than 140 UN member countries that already recognise it.

This recognition has been hailed as a positive step forward, particularly as the International Criminal Court (ICC) considers issuing arrest warrants against Israeli leaders for their involvement in alleged war crimes in Palestine. 

The move by the three countries was welcomed by Palestinian officials, as other nations were urged to follow suit. Legally, achieving statehood would enable Palestine to join numerous international agreements and treaties related to human rights and trade. 

Although the recent recognitions are merely another step towards full UN recognition, Israel has condemned them and discussed escalatory measures against the countries involved, accusing them of supporting terrorism. 

Read more: Can Palestine achieve financial independence?