US President Donald Trump has announced that Israel and the United Arab Emirates have reached an agreement to establish full diplomatic ties in exchange for Israel halting its West Bank plans.

Trump published the full text of the joint statement of Israel and the UAE on the deal on his Twitter account.

The statement explained that Israel chose to suspend declaring sovereignty over the parts of the West Bank that were marked for appropriation by Israel under Trump’s “deal of the century”, and instead focus on “expanding ties with other countries in the Arab and Muslim world”.

The joint communique also detailed that as a result of the “historic diplomatic breakthrough”, the delegations of Israel and the UAE will meet to discuss a variety of bilateral agreements, extending beyond just establishing mutual embassies. They will also discuss cooperation in the areas of investment, tourism, direct flights, security, telecommunications, technology, energy, healthcare, culture, and the environment, the joint statement says.

By reaching the agreement with Israel, the UAE has become the third Arab country to establish full diplomatic ties with the Jewish state, in addition to Egypt and Jordan, but is the first among the Gulf States to do so. Israeli Ambassador to Washington Ron Dermer praised the role of President Donald Trump in achieving the major diplomatic breakthrough for Israel