Essentials of the Trump “Deal of the
Century”
The Trump administration stated that it would break with the
worn paradigms of past approaches to the 
Israeli–Palestinian peace process,
removing two core issues, namely
  (1) 
recognizing
Jerusalem as Israel's capital on December 6, 2017; and (2) on November 18,
2019, stating that Jewish settlements in the West Bank were consistent with
international law. As a visible signal of its break with the past, the United
States opened its Jerusalem embassy on the 70th anniversary of the
establishment of the State of Israel.
 
Preconditions for a Palestinian State
The plan puts the Palestinian Authority (PA) on probation by establishing a
set of conditions they must meet to become a state in name only, with Israel in
control of its borders, air space, electromagnetic spectrum, foreign policy,
and security. Its capitol would be on the outskirts of East Jerusalem, and it would
not be established until four years into the execution of the plan. Prime
Minister Benjamin Netanyahu said the proposal gives Palestinians a chance to
achieve "conditional, limited sovereignty". The PA must: 
- Disarm the governing
     authority of the Gaza Strip, Hamas, together with Islamic Jihad Movement in
     Palestine and all Palestinians under their authority
 
- Recognize Israel as a Jewish
     State 
 
- Refrain from any attempt to
     join any international organization without the consent of the State of
     Israel
 
- Take no action, and dismiss
     all pending actions, against the State of Israel, the United States, and
     any of their citizens before the International Criminal Court, the
     International Court of Justice,
     and all other tribunals
 
- Take no action against any
     Israeli or United States citizen before Interpol
     or any non-Israeli or United States legal system
 
- Immediately terminate making
     "prisoner & martyr payments" (defined as salaries to the
     families of terrorists serving sentences in Israeli prisons, as well as to
     the families of deceased terrorists and develop humanitarian and welfare
     programs to provide essential services and support to Palestinians in need
     that are not based upon the commission of terrorist acts. 
 
The
Trump plan sets forth criteria the PA
must meet before a Palestinian state is allowed to form. Whether
Palestinians have met this criteria will be determined by Israel and the United
States. If, at any time, Israel decides the Palestinians are not meeting the
criteria, the Trump plan gives Israel the right to retake military control. The
criteria are: 
- The PA shall have implemented
     a governing system with a constitution or another system for establishing
     the rule of law that provides for freedom of the press, free and fair
     elections, respect for its citizens’ human rights, protections for
     religious freedom, uniform and fair enforcement of law and contractual
     rights, due process under law, and an independent judiciary with
     appropriate legal consequences and punishment established for violations
     of the law.
 
- The PA shall have established
     transparent, independent, and credit-worthy financial institutions capable
     of engaging in international market transactions in the same manner as
     financial institutions of western democracies, with appropriate governance
     to prevent corruption and ensure the proper use of such funds, and a legal
     system to protect investments and to address market-based commercial
     expectations. The State of Palestine should meet the independent objective
     criteria to join the International Monetary Fund.
 
- The PA shall have ended all
     programs, including school curricula and textbooks, that serve to incite
     or promote hatred or antagonism toward its neighbors, or which compensate
     or incentivize criminal or violent activity.
 
- The PA shall have achieved
     civilian and law enforcement control over all of its territory and
     demilitarized its population.
 
- The Palestinians shall have
     complied with all the other terms and conditions of this Vision.
 
Status of borders and territory
The plan recognizes Palestinian rights to roughly 70% of the
West Bank (i.e., Judea and Samaria). The plan calls for land swaps, albeit not
"1-to-1 land swaps," arguing that Palestinians would not receive 100%
of pre-1967 territory, but it provides for territory that would be
"reasonably comparable" to pre-1967 territory. The plan recognizes an
Israeli right to the entire 
Jordan
Valley, which it regards as militarily strategic.
 
The implementation of the plan is conditional, being subject
to the "Gaza Criteria" and would only proceed if the governance of
the Gaza Strip, at present administered by Hamas, were transferred back either
to the PA or to another Palestinian entity that Israel approves of.
  Hamas is required to commit itself to making
peace with the State of Israel by adopting the 
Quartet Principles, which include unambiguously
and explicitly recognizing the State of Israel, committing to nonviolence, and
accepting previous agreements and obligations between the parties.
   
Status of Jerusalem, a Palestinian Capitol, and Holy Sites
The plan affirms Israel’s right to the entirety of
"undivided Jerusalem", recognizing it as Israel's capitol. The plan
does accept a Palestinian capitol for a future State of Palestine to be located
outside, and east and north of, the 
Separation Barrier. The plan puts the 
Haram
al Sharif/
Temple Mount, including the 
Al-Aqsa
mosque, under Israeli sovereignty. The plan gives Israel the task of
safeguarding the holy sites and guaranteeing freedom of worship.
   
Status of refugees
There would be no 
right
of return to Israel for Palestinian refugees from the wars of 1948 and
1967. Were the deal to be signed, the assistance of 
UNRWA to the
Palestinian population would be terminated.
 
Economic
Incentives
The plan proposes a $50 billion investment fund for 179
infrastructure and business projects, to be administered by a
"multilateral development bank", with investments protected by
accountability, transparency, anti-corruption, and conditionality safeguards
The administration envisions the plan being funded mostly by Arab states and wealthy
private investors. The plan advocates a free market, including greater
protection of property rights and a "pro-growth tax structure."