Ireland's Senate or upper house of parliament on Wednesday approved a bill that criminalizes the import and trade of goods and services originating in Israeli settlements in the Palestinian territories.
The draft bill passed the committee stage last week.
While the Irish government opposes the bill, it will be enacted if it is approved by the lower house of parliament.
In this case, Ireland will be the first EU country to impose such a ban on Israeli settlements.
"We will enact this vital bill with great support," Senator Frances Black wrote on social media.
In a statement earlier, Black also emphasized that the bill was a minimum requirement for being an EU country committed to justice and human rights.
The Israeli Embassy in Dublin has condemned the bill, calling it "populist" and "dangerous".
The Irish Senate voted 25-20 in July to advance the bill, which would criminalize trade with Israeli settlements, including those built in the West Bank, East Jerusalem and the Golan Heights.
According to the draft law, anyone importing or attempting to import from the settlements would be committing a crime punishable by up to five years in prison or a €250,000 fine.
Reporting by Tayfun Salci in London
Writing by Jeyhun Aliyev