AMMAN, Sept. 3 (Xinhua) -- Far-right Israeli Finance Minister Bezalel Smotrich's remarks on West Bank "annexation" made on Wednesday flagrantly violate international law, escalate regional tensions, and challenge the global will for the two-state solution, Jordan's Foreign Ministry said in a statement.

"Israel has no sovereignty over the occupied Palestinian territories," the ministry said, adding that the Israeli government's continued expansionist actions and its officials' "racist statements" incite "cycles of violence and conflict," and threaten the security and stability of the entire region.

The Israeli "occupation" is the root of the conflict and the source of regional instability, it noted, condemning Israel's "policies of forced displacement in the occupied Palestinian territories."

The only path to achieving regional security and stability lies in ending the Israeli "occupation" and establishing an independent Palestinian state on the June 4, 1967 borders with East Jerusalem as its capital, it said.

Earlier on Wednesday, Smotrich unveiled to a press conference in Jerusalem an Israeli proposal to annex 82 percent of the occupied West Bank to prevent the establishment of a Palestinian state.

"It is time to apply Israeli sovereignty" in the West Bank, he said, adding he wants "maximum territory and minimum (Palestinian) population."

Israel's state-owned Kan TV News has reported that Israel is considering annexing the West Bank to Israeli sovereignty in response to the intention of several European countries to recognize the State of Palestine in the upcoming UN General Assembly in New York.

Meanwhile, the Times of Israel reported Wednesday that Israeli Prime Minister Benjamin Netanyahu is planning to convene a ministerial meeting on Thursday, including Smotrich, on applying Israeli sovereignty in the West Bank. ■