The Tánaiste says he and others have worked for three years to avoid such a scenario.
The cabinet will today consider the latest plans to prepare Ireland for the possible consequences of Brexit.
The US has sought to ban the Chinese firm from building 5G infrastructure there over safety and privacy fears.
Ireland’s total funding to Palestinian people this year amounted to €15.38 million.
Despite government opposition, the Bill has cross-party support from Labour, Sinn Féin, Fianna Fáil as well as independent senators.