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
Menachem Begin an Arab state recognized Israel's legitimacy whereas Israel effectively accepted the land for peace principle as blueprint for resolving the Arab–Israeli conflict. Given Egypt’s prominent position within the Arab World, especially as Israel's biggest and most powerful enemy, the treaty had far reaching strategic and geopolitical implications. Almost overnight, Begin's public image of an irresponsible nationalist radical was transformed into that of a statesman of historic proportions. This image was reinforced by international recognition which culminated with him being awarded, together with Sadat, the Nobel Peace Prize in 1978. Yet while establishing Begin as a leader with broad public appeal,