Diplomatic relations between the Israeli government and the Vatican were established in 1994, following the conclusion of the Fundamental Agreement between the Holy See and the State of Israel, signed on 30 December 1993. The Holy See (the Vatican), which has UN observer status, is the only non-UN member state with which Israel has diplomatic relations and the only non-UN member state recognised by Israel. An important organ in these relations is the Israel-Vatican Bilateral Commission, established under article 10 of the Agreement to resolve economic issues between the parties.