Palestinian Authority Prime Minister Mohammad Shtayyeh on Sunday criticized U.S. President Donald Trump’s peace plan, saying it would be “buried very soon.”

Speaking at the Munich Security Conference, Shtayyeh said that the newly revealed Mideast peace plan was “no more than a memo of understanding between [Israeli Prime Minister Benjamin] Netanyahu and Trump,” according to an AP report.

The Palestinian prime minister said the proposal would leave a future Palestinian state fragmented and with “no sovereignty.” In addition, it would allow Israel to annex large parts of the West Bank, he said.

Shtayyeh called on countries to reject Trump’s plan, but left open the possibility of a return to peace talks, saying Palestinians “are open to serious negotiations,” according to the report.

Shtayyeh also said that the Palestinians would attempt to increase pressure on Israel by using international organizations, citing the recent release by the U.N. Human Rights Council of a blacklist of 112 companies connected to Israeli settlements in the West Bank.

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