The UN general assembly has already decided to recognise Palestine as a sovereign state.
This article just says that Germany didn't sign the first request to not mark produce from that Palestinian state as being Israeli produce. Stuff made in pre-1967 lines is still frrely available and marked as "Israel", stuff from within settlements is not marked as "Israel". And Germany wasn't one of the first 13 from the 27 nations to approve this.
@Article said:
In a throwback to its darkest past
It's hardly up there with the Polish death camps...
@Article said:
an initiative which singles out Jewish-owned businesses and targets them for detrimental treatment
Only the businesses which are viewed by the UN as operating in occupied territories.
@Article said:
The goal, of course, is to harm the livelihood of Jewish businessmen and entrepreneurs as a way of undermining the settlement enterprise.
The goal really isn't to harm Jewish businessmen. It's to avoid referring to land that Israel claims as Israeli as being part of Israel, which is very different.