An agreement between Israel and the United Nations has ended the crisis in the occupied West Bank after nearly a year of negotiations.
The two sides signed an agreement on Thursday morning.
Prime Minister Benjamin Netanyahu announced the signing, saying that the Palestinians “have finally given up on their demands for the return of their homes and lands.”
The agreement was finalized at a meeting between Netanyahu and U.S. Secretary of State John Kerry.
“We are happy to see that this is finally over,” Netanyahu said.
“The end of the crisis is here.
The situation has been resolved.
The Palestinians have given up their demands.”
Netanyahu said the two sides had agreed on a number of “preliminary conditions,” including “that the Palestinians will vacate the entire West Bank and East Jerusalem, which are occupied Palestinian territories, and withdraw from all other agreements they have with Israel.”
Netanyahu added that the U.K. had also agreed to release 1,500 Palestinian prisoners in exchange for the release of the other 2,100 Palestinians currently in Israeli custody.
President Donald Trump also tweeted that “the deal we struck today with the Palestinians is a very important victory for peace in the Middle East.”
He added that he was pleased to see the Palestinians realize they “must move forward, not backward.”
The Palestinian Authority President Mahmoud Abbas said in a statement that the “historic agreement was signed in Jerusalem and signed by all the Palestinian parties to the U-N [United Nations] Framework Convention on Climate Change.”
The deal “will ensure the implementation of the agreements that we made and will give all the Palestinians a fair and sustainable future.”
Ns. agreement with Israel was reached in 2015, after Israel and Hamas won a bloody five-week war in Gaza that left more than 1,100 people dead.
Framework Convention has been a source of friction between the two countries for decades.
In March, the Palestinians and Israel reached an agreement to resume negotiations on the so-called Green Line in the West Bank, the internationally recognized borders separating Israel and Gaza.
The agreement allows for Israeli construction on parts of the West Side of Jerusalem, but it does not allow construction on Palestinian-controlled East Jerusalem.
Abbas told a press conference that Israel “will be fully ready to move to full control of the Green Line once all the conditions are fulfilled.”
He said he expects that Israel will “follow the same path” as it did with the Green line, which he said was “a very important achievement.”
Israel, meanwhile, continues to seek to annex more land from the West bank and Gaza to establish a Jewish state.
Abbas said he was hopeful that the deal will give Israel “a chance to fully withdraw from the settlements and to make peace with the Palestinian people.”
Israeli Prime Minister Binyamin Netanyahu (L) and U-S.
President Barack Obama speak during a news conference on the Israeli-Palestinian peace talks in the Oval Office of the White House in Washington, D.C., U.C. February 10, 2021.
Abbas and Netanyahu are expected to meet on Friday in the Palestinian city of Ramallah.