https://www.gatestoneinstitute.org/14483/ireland-israel-boycott-bill
The chief government figure opposing the bill is Foreign Minister Simon Coveney. Coveney argues that Ireland risks its standing in the European Union because the bill is legally unsound. He is correct. A Brussels-based EU trade official warned the Irish government that “the bill would be in contravention of EU competence on trade matters,” as the EU Commercial Treaty demands uniformity in member-state trade policies.
Irish politicians who passed it would likely be regarded as racist, particularly in view of the German Parliament’s recent resolution to designate BDS (the Boycott, Divestment and Sanctions movement against Israel) as anti-Semitic.
In addition, there could be “potentially huge losses of US tax benefits for US companies with subsidiaries in Ireland, if the Bill is passed into law. This could potentially lead to major US companies pulling out of Ireland, and for other companies who were considering relocating, to not do so.”
The bill may also may well hurt Ireland’s effort to secure a position on the UN Security Council (UNSC) in the 2020-2021 vote by regional member-states in the General Assembly. Canada and Norway are competing with Ireland for the two seats allotted to the UNSC’s West Europe/North America region.
[The] legislation… will harm the interests of Palestinians — an estimated 30,000 of whom are employed by Israeli businesses in the West Bank… The Ireland Israel Alliance also accuses the bill’s supporters of hypocrisy, and cites their failure to condemn analogous situations in which Irish firms invest in international companies that do business in other occupied territories around the world.
Irish Prime Minister Leo Varadkar and his governing Fine Gael party oppose a bill that would make it a crime for Irish citizens to import or sell anything produced by Israelis in Judea and Samaria (the West Bank). Varadkar may wisely be pressuring politicians who voted in favor of the Control of Economic Activity (Occupied Territories) Bill to examine the possible negative consequences for Ireland’s national interest if the bill becomes law.