Therefore, we should seriously consider what would happen if the Palestinians were indeed to declare a state and win relatively broad international recognition. First of all, it is clear that Israel would announce that this unilateral declaration nullifies all prior agreements between it and the Palestinians, from Oslo on; that it is released from all the obligations it has undertaken, including the economic ones; and that it will henceforth relate to the areas under Palestinian control as foreign territory. It is also clear that all Israeli obligations arising from its military control of the territories would be abrogated under both Israeli and international law. Not everyone would accept this argument, but it would not be possible to ignore it.