The Palestine Liberation Organization's Central Council declared that it was suspending its recognition of Israel until Israel agrees to acknowledge an independent Palestinian state within the 1967 borders and with east Jerusalem as its capital, Ramallah's Wafa news agency reported Monday.
The council further decided to suspend all security and economic ties with Israel, as outlined in the 1994 Paris Economic Protocol.
The decision, announced after a two-day meeting in Ramallah, is declarative and nonbinding, the report said.
According to the report, the PLO essentially wants to cease compliance with the 1993 Oslo Accord, on which the Israeli-Palestinian peace process is founded.
Palestinian Authority President Mahmoud Abbas would have to ratify the council's decision for it to actually spell the PA backing out of the Oslo Accords.
"In view of Israel's continued denial of the signed agreements, the PLO Central Council, in confirmation of its previous decision and considering that the transitional phase no longer exists, hereby decides to end the commitments of the PLO and the Palestinian Authority toward its agreements with the occupying power, suspend recognition of the State of Israel until its recognition of the State of Palestine on the June 4, 1967 borders with al-Quds [Jerusalem] as its capital; end security coordination in all its forms, and disengage economically from Israel on the grounds that the transitional phase, including the Paris Economic Protocols, no longer exist," the PLO said in a statement quoted by Arab media.
The organization further asserted that the Trump administration is "a partner of the Israeli occupation government and a part of the problem, not the solution," and lauded Abbas' efforts "in continuing to reject the so-called 'Deal of the Century' proposed by U.S. President Donald Trump and confronting it with all available means."
According to the report, Abbas was inclined to endorse the council's decision, saying that "the time has come" to put into actions previous council resolutions.
He called on Palestinians to unite behind the PLO as the "sole legitimate representative" of the Palestinian people.
The PLO's Central Council further stated that it holds Hamas, the Islamic terrorist group that ousted Abbas' Fatah government from the Gaza Strip in a military coup in 2007, for the prolonged failure of the Egyptian-brokered reconciliation efforts between the rival Palestinian factions.
It further affirmed its rejections of "various suspicious projects" meant to "split Gaza from the West Bank," referring to recent Egyptian and U.N. efforts to broker a truce between Hamas and Israel and facilitate an agreement that would alleviate the dire economic crisis in Gaza.
Abbas has admitted his government has been actively trying to torpedo these efforts, which exclude Ramallah, claiming that no such agreement can be reached without the Palestinian Authority's involvement.