Ireland has announced it will also recognize an independent Palestinian state on May 28, along with fellow European countries Spain and Norway.
Irish Prime Minister Simon Harris said it was a coordinated move by the three countries.
He called it a "historic and important day for Ireland and for Palestine."
The Irish premier said the move was intended to help produce a resolution to the Israeli-Palestinian conflict through a two-state solution, calling it the only credible path to peace and security for Israel, Palestine and their peoples.
He said after his conversations with other world leaders he expected other countries to follow in the coming weeks.
Harris also said Ireland unequivocally recognizes Israel and its right to exist "securely and in peace with its neighbors," and called for all hostages in Gaza to be immediately returned.
Irish Foreign Minister Micheal Martin announced on X that Ireland's recognition of a Palestinian state will be formally enacted on May 28.
Israel recalls ambassadors from Ireland and Norway, says Spain next
Israel recalled its ambassadors from Ireland and Norway in response to their moves to recognize a Palestinian state on Wednesday.
Israeli Foreign Minister Israel Katz condemned the move saying that it would be "rewarding the jihadists of Hamas and Iran."
"Ireland and Norway intend to send a message today to the Palestinians and the whole world: terrorism pays," Katz said, adding that the move could hinder efforts to secure a cease-fire and the return of hostages held in Gaza.
Katz also threatened to recall the ambassador to Spain if it went ahead with its decision to recognize Palestinian statehood.
Norwegian Prime Minister Jonas Gahr Store announced on Wednesday that Norway will officially recognize a Palestinian state from May 28, emphasizing that peace in the Middle East requires such recognition.