The Wye River Memorandum was signed by Prime Minister Netanyahu and Chairman Arafat on October 23, 1998 in a ceremony attended by King Hussein of Jordan and hosted by President Clinton. The memorandum consists of steps to facilitate implementation of the Interim Agreement (Oslo II) and other related agreements, including the January 1997 Note for the Record. The agreement emphasises reciprocity and addresses specific security concerns that Israel had raised in the past. Attached to the memorandum is a "timeline", which outlines, step by step, the implementation of the mutual undertakings incumbent upon each side. Upon completion of each phase of the Palestinian commitments, Israel was to transfer a specified percentage of land to the Palestinians within the context of "further redeployments" as stated in previous agreements. As result of this agreement, Israel withdrew from an additional 13 percent of the West Bank.
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