Trinity College Dublin has said it is implementing a number of measures which it hopes will lead to an end to the student protest camp on its campus.
Around 100 students have been protesting at the encampment for three days calling on the university to end all business and academic links with Israel due to the war in Gaza.
In a statement this evening, the University said management representatives met with students this afternoon to discuss the issues they have raised and the measures being taken by TCD.
The college said it is to divest from investments in companies that have activities in Occupied Palestinian territory and appear on a UN blacklist.
Trinity college said it fully understands the driving force behind the encampment saying, "we are in solidarity with the students in our horror at what is happening in Gaza".
It said: "Trinity has initiated a process to divest from investments in companies that have activities in the Occupied Palestinian Territory and appear on the UN Blacklist in this regard."
The university said the process is expected to be completed by June.
Trinity College is also setting up a Task Force, which will include student representatives, with an external chair.
The aim is to "discuss how we continue to preserve academic freedom while understanding better how we engage - or not - with states that are in contravention of human rights".
The statement said: "We hope that today's meeting and our firm commitment to implement the series of measures outlined above will lead to a resolution."
It continued: "In view of the disproportionate response we have seen at some institutions overseas, Trinity is committed to addressing the issue of the encampment as an internal process."
The university said it hopes to return to normal services for students, staff, and the public as soon as possible and will have another meeting with the student representatives tomorrow.
Students participating in the Trinity encampment have welcomed aspects of this evening's statement from the college, but have said they are committed to continuing the encampment until all of their demands are met "in full".
In a statement they said this includes a retroactive amnesty for students involved in protests on campus and the rescinding of the €214,000 bill imposed on the Student’s Union by the college last week.
The group said it welcomed Trinity College’s recognition of the ICJ ruling on genocide, "as well as the divestment from companies in the Occupied Territories of Palestine and a willingness to review ties with Israeli academic institutions".
"However, we cannot stop yet. This is the time to push Trinity College Dublin to divest from all Israeli companies in the endowment fund as well as suppliers and exchanges," it said.
The students said while they appreciated the steps being taken by the university "we note that there are more Israeli companies in the endowment fund as well as suppliers".
The students also raised the fact that the college facilitates student exchanges with Israeli institutions.
They said these matters would be discussed in further negotiations.
Additional reporting: Emma O'Kelly
