"I call on European companies and foreign companies doing business in the settlements to put an end to their activities," he said after a meeting with European Council president Herman van Rompuy in Brussels.
- Abbas on peace talks: We have enough time
- Kerry: Israeli, Palestinian talks intensifying
- Op-ed: Futile negotiations
"Such activities are a violation of international law," he said.
Abbas said such a boycott would not be aimed at the state of Israel but only targeted at Jewish settlements on occupied Palestinian land in the West Bank and east Jerusalem.
A UN rights expert has singled out several major international firms – including Motorola, Hewlett Packard, Veolia, G4S and Volvo Group – for their involvement in building and maintaining settlements.
Several European retail giants also import produce from the West Bank, which is home to large farms producing fruit, vegetable and flowers.
Earlier Wednesday, US Secretary of State John Kerry and Israeli Prime Minister Benjamin Netanyahu met in Rome and spoke as they began talks that were also expected to cover Israeli-Palestinian peace negotiations but appeared likely to be overshadowed by Iran.
- Receive Ynetnews updates
directly to your desktop