Likud economic positions that are more in line with popular preferences. Likud has historically espoused opposition to Palestinian statehood and support of Israeli settlements in the West Bank and Gaza Strip. However, it has also been the party that carried out the first peace agreements with Arab states. For instance, in 1979, Likud Prime Minister Menachem Begin signed the Camp David Accords with Egyptian President Anwar al-Sadat, which returned the Sinai Peninsula (occupied by Israel in the Six-Day War of 1967) to Egypt in return for peace between the two countries. Yitzhak Shamir was the first Israeli Prime Minister to meet
History of modern Egypt the disastrous Six-Day War of 1967, Egypt waged a War of Attrition in the Suez Canal zone. In 1971, three years into this war, Sadat endorsed in a letter the peace proposals of UN negotiator Gunnar Jarring, which seemed to lead to a full peace with Israel on the basis of Israel's withdrawal to its pre-war borders. This peace initiative failed as neither Israel nor the United States of America accepted the terms as discussed then. To provide Israel with more incentive to negotiate with Egypt and return the Sinai to it, and also because the Soviets had refused Sadat’s