Facing criticism at home and abroad, Palestinian President Mahmoud Abbas has decided to go ahead with his application for full UN membership in New York.
He is asking the Palestinian territories to be recognised as a state based on 1967 borders and with East Jerusalem as the capital.
Abbas may have earned a standing ovation from the General Assembly, but the US says it will veto the bid, an act many say proves the nation's bias towards Israel.
With the US as a permanent member of the United Nations Security Council - the UN body that will need to vote in favor of Palestine's membership - who will support the Palestinian bid for statehood?
How does it change negotiations with Israel?
And what if anything can be gained for the Palestinians from this move?
Inside Story discusses with Shlomo Ben Ami, former Israeli foreign minister; Daniel Levy, senior research fellow, American Strategy Program; Zalman Shoval, Israeli politician and diplomat and Dimitri Dilyani, member of the Revolutionary Council of Fatah.