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“Australia will recognise the right of the Palestinian people to a state of their own, predicated on the commitments Australia has received from the Palestinian Authority,” he said.
“A two-state solution is humanity’s best hope to break the cycle of violence in the Middle East and to bring an end to the conflict, suffering and starvation in Gaza,” he added.
“The international community’s vision for a just and lasting peace in the Middle East always encompassed two states, living side-by-side with internationally recognised borders: a state of Israel and a state of Palestine with security for the people of both nations.”
Albanese added there should be no role for Hamas, the terrorist group that rules the Gaza Strip, in a Palestinian state.
The move follows in the footsteps of other Western nations that have committed to Palestinian recognition, including France, the United Kingdom and Canada.
Albanese and other senior government ministers have previously said Palestinian recognition was a matter of “when, not if”, drawing condemnation from the Israeli government.
Netanyahu and his government have been facing growing condemnation for Israel’s conduct in Gaza, including attacks on civilians and the use of starvation as a weapon of war.
More than 60,000 Palestinians, many of them women and children, have been killed since Hamas’ attack on Israel on October 7, 2023 and Israel’s retaliatory war on the enclave.