Occupation of the Gaza Strip by Egypt truce was achieved. Israeli forces proceeded to withdraw from Sinai and Gaza. On 24 February 1949, the Israel–Egypt Armistice Agreement was signed in Rhodes. Under the agreement, the armistice line was drawn along the international border (dating back to 1906) for the most part, except near the Mediterranean Sea, where Egypt remained in control of a strip of land along the coast, which became known as the Gaza Strip. (See 1949 Armistice Agreements.) The All-Palestine Government was an entity established by the Arab League on 22 September 1948, during the 1948 Arab–Israeli War, purportedly to provide a Palestinian government for
Governance of the Gaza Strip result, the United States and the EU cut off aid to the Gaza Strip, and Israel and the Middle East Quartet implemented punitive economic measures against the Gaza Strip. They view the group as a terrorist organization, and have pressured Hamas to recognize Israel, renounce violence, and make good on past agreements. Prior to disengagement, 120,000 Palestinians from Gaza were employed in Israel or in joint projects. After the Israeli withdrawal, the gross domestic product of the Gaza Strip declined. Israeli enterprises shut down, work relationships were severed and job opportunities in Israel dried up. Following Hamas takeover in 2007,