The Palestinians have severed all contacts with officials from the Trump administration after it chose to close their official representation in Washington, dealing a blow to any potential resurrection of peace talks with Israel.
"The upcoming stage is crucial and a chance to correct the Palestinian-American relations", he said, adding the Palestinian decision "was made in response to the unaccepted American measures".
Palestinian foreign minister Riyad al-Malki told AFP on Tuesday that "by closing the office they (The US) are freezing all meetings and we are making that official".
The US has announced on Friday that it would not renew the PLO Washington office permit.
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The craft was navigating normally, underwater, at a speed of five knots toward Mar del Plata when it was last heard from, he said. Hopes for a successful search waned when the navy said satellite calls detected at the weekend did not come from the vessel.
The U.S. State Department on Saturday refused to renew operating permission for the PLO office in Washington for the first time since the 1980s, a Palestinian official said.
USA officials cited comments by Abbas about possibly taking Israel to the International Criminal Court. The rights groups said "high-level Israeli civilian and military officials have committed war crimes and crimes against humanity in the occupied West Bank".
The PLO office in Washington did not immediately respond to requests for comment. If Trump determines they are, then the mission can reopen. The Palestinian foreign minister also said the United States must re-examine all its laws passed since 1987, and rethink its definition of the PLO as a terrorist organization.
In 1997, Congress made it easier for the president to waive sanctions against the PLO: The president would only have to say the waiver was in the US's national security interest without providing addition explanation.
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The provision calls for the waiver to be revoked should the Palestinians "initiate an International Criminal Court (ICC) judicially authorized investigation, or actively support such an investigation" against Israel. But what happens next depends on whether the Palestine Liberation Organization's office in D.C. stays open.
The Palestinian leadership has reportedly cut off communications with the Trump administration, CNN reported.
The declaration does not automatically mean the mission will close.
Under the law, Trump now has 90 days to consider whether the Palestinians are in "direct and meaningful negotiations with Israel".
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Mergers between such companies have typically had an easier time winning government approval. The company reiterated that vertical mergers of this type are routinely approved.