The White House, October 3, 1994

1. President William J. Clinton met at the White House today with His Royal Highness Crown Prince El Hassan Bin Talal of the Hashemite Kingdom of Jordan and Foreign Minister Shimon Peres of Israel to pursue their common purpose of creating a new era of peace in the Middle East.

2. Jordan and Israel reaffirmed the five underlying principles of their understanding on an Agreed Common Agenda and commemorated the first trilateral meeting, convened by President Clinton one year ago in Washington, D.C., establishing the US-Jordan-Israel Trilateral Economic Committee. The Trilateral Economic Committee created new momentum which led to the first ministerial-level trilateral meetings in the region, at the Dead Sea in Jordan and at the Eilat-Aqaba border crossing, and to the July 25, 1994 Washington Declaration ending the state of war between Jordan and Israel.

3. HRH Crown Prince El Hassan and Foreign Minister Peres outlined to President Clinton the significant progress that was recently made in Aqaba in the bilateral negotiations between Jordan and Israel, and reaffirmed their commitment enshrined in the Washington Declaration signed by President Clinton, King Hussein and Prime Minister Rabin to achieve a full peace treaty between the two countries, hopefully in the near future.

The progress made in the bilateral and trilateral negotiations are also based on a shared view of the need for comprehensive peace in the region. In this context the three leaders believe in the importance of gradual implementation of regional cooperation that would address in a balanced manner the basic economic and social needs of the peoples of the region, the struggle against unemployment and poverty, development of human resources and lead to the development of a regional and comprehensive security concept. This will also require regional institution building based on the Multilateral Working Groups, leading to the possible development of a Conference on Security and Cooperation in the Middle East (CSCME) concept. The three leaders called upon other regional and non-regional partners to participate in the exploration of these concepts and targets to create a new Middle East.

4. To implement further the provisions contained in the Washington Declaration of 25th July, 1994, the US-Jordan-Israel Trilateral Economic Committee today announced agreement on:

a. The finalized terms of reference fo the Jordan Rift Valley Joint Master Plan, that portrays an integrated concept for the development of the Jordan Rift Valley and entails a wide variety of economic projects that are of mutual benefit to the two countries, as well as for the region.

b. The importance of the Middle East/North Africa Economic Summit in Casablanca (October 30 – November 1). In this context it is important that the work of the Trilateral Committee will be highlighted, including joint projects, business and investment opportunities, and the promotion of partnership between the public and private sectors.

In view of the fact that the next Middle East/North Africa Economic Summit will be held in Amman, the Trilateral Committee favors the establishment of a continuous mechanism to promote the investment of private sector and to develop necessary strategies for regional economic development, in conjunction with the Regional Economic Development Working Group (REDWG) of the multilaterall peace process. The three sides will coordinate on preparations for the Economic Summits within the trilateral framework.

c. Regarding the importance of regional economic development, the three sides believe it is essential to pursue and explore the creation of a regioanl organization for economic development linked to the creation of a multilateral financing mechanism. These concepts will be further developed in the upcoming meeting of the REDWG Monitoring Committee and in the Casablanca Conference.

d. In order to encourage economic progress resulting from the ongoing peace process, it was also decided:

1. To address in the upcoming U.S.-Jordan Bilateral Commission ways in which the U.S. can assist Jordan’s economic development by encouraging private investment, business development and entrepreneurship and promoting bilateral trade.

2. To explore the creation of a cooperative Free Trade Zone in Aqaba-Eilat based on the principle of free flow of goods between countries, at the upcoming expert level meeting in Israel from October 10-13 and Jordan from October 17-20, 1994.

3. The exchange of selective delegations in the economic field between Jordan and industrialists, bankers, heads of Chambers of Commerce and economic media leaders.

e. Regarding tourism as a major component of economic development, it was agreed:

1. The completion of construction by October 15, 1994, of a new northern border crossing point for third country nationals.

2. A Red Sea Marine Peace Park, with a US start-up grant from the State Department’s Oceans and International Environmental and Scientific Affairs Bureau’s Special Fund.

3. The Trilateral Committee also agreed to promote Israel and Jordan as a joint tourism destination, citing Jordanian- Israeli collaboration on the September 28-29 Tourism in the New Middle East Workshop in Cairo, the November 6-12 Lisbon Conference of the American Society of Travel Agents, and the January-February 1995 Peace Trips for US and international tourism and travel sector representatives and the news media (including representatives of the two countries).

4. The new northern border crossing point for third country nationals, the Red Sea Marine Peace Park, and the inclusion of tourism in the terms of reference of the Jordan Rift Valley Joint Master plan will enhance both countries’ appeal as a joint tourism destination, in addition to the Aqaba-Eilat southern border crossing point and the Dead Sea Lowest Point on Earth Park.

5. Establishment of an Eilat/Aqaba Free Tourism Zone, where citizens of Jordan and Israel can visit in addition to third country nationals.

f. Water Resources:

1. Based on the necessity to develop new and alternative water resources on a regional scale, the Trilateral Committee will develop Terms of Reference in order to conduct relevant feasibility studies.

2. Jordan and Israel will pursue in common financing of the dams as agreed upon in recent Aqaba talks.

3. Under the auspices of the Trilateral Economic Committee, and with technical assistance and support from the US Trade and Development Agency and the US private sector, a symposium on the Red Sea-Dead Sea Canal proposal will be hosted by the Hashemite Kingdom of Jordan, in conjunction with the Government of Israel.