Israeli Prime Minister Yitzhak Rabin and PLO Chairman Yasser Arafat sign accord for Palestinian self-rule in Cairo - May 04,1994

On May 4, 1994, Israeli Prime Minister Yitzhak Rabin and PLO Chairman Yasser Arafat reached agreement in Cairo on the first stage of Palestinian self-rule

The agreement was made in accordance with the Oslo Accords, signed in Washington, D.C. on September 13, 1993.   This was the first direct, face-to-face agreement between Israel and the Palestinians and it acknowledged Israel’s right to exist.

The Gaza-Jericho agreement signed addressed four main issues -
security arrangements
 civil affairs
 legal matters and
 economic relations

It included an Israeli military withdrawal from about 60 % of the Gaza Strip (Jewish settlements and their environs excluded) and the West Bank town of Jericho, land captured by Israel during the Six-Day War of 1967(The Israeli Defense Forces withdrew from Jericho on May 13 and from most of the Gaza Strip on May 18-19, 1994)

The Palestinians agreed to combat terror and prevent violence in the famous “land for peace” bargain. 

The document also included an agreement to a transfer of authority from the Israeli Civil Administration to the newly created Palestinian Authority, its jurisdiction and legislative powers, a Palestinian police force and relations between Israel and the Palestinian Authority.