This historic General Assembly resolution accorded to Palestine the status of “non-member observer state” in the United Nations, considering the Palestinian right to self-determination and independence. This status is not anchored in the UN Charter; the only other non-member observer at present is the Holy See. Non-member observer states have a standing invitation at GA sessions and enjoy speaking rights, but cannot vote on substantive matters such as draft resolutions.
The implications of Palestinian statehood would be that the Palestinians will have more opportunities to challenge Israel on the international plane, e.g. by applying for membership at international organisations, as well as by acceding to the statutes of the International Court of Justice and, possibly, the International Criminal Court.
Israel’s position as the occupying power in the OPT is not altered as a consequence of resolution.