Actually, when he agreed and signed his name as the representative of the Palestinian people, the document he signed said that Israeli Jews had a right to live, free of violence and in that country. A letter was also sent out by Arafat to the Palestinians, that they must renounce terrorism. According to Jimmy Carter who worked tirelessly in that country, trying to push it through to a positive resolution for both sides, was that the Right of Return for the Palestinian refugees who'd been languishing since 1948 in refugee camps in Jordan and Lebanon was put off instead of being decided in that moment.
The Oslo Accords were signed in 1993, Palestinians were given five years to begin organizing their new government and it was agreed by the Israeli's and Arafat, that after that, discussions on Palestinian refugees returning, would begin. But two years later, Rabin, who signed with Arafat, was assassinated by an Israeli terrorist who hated the whole plan. And things deteriorated from that point on, with Arafat ultimately being poisoned (according to his widow who sent tissue samples to Sweden (?) to be tested for poison).
Yitzhak Rabin and Yasser Arafat sign accord for Palestinian self-rule
From the link: the
Oslo Accords, signed in Washington, D.C. on September 13, 1993. This was the first direct, face-to-face agreement between Israel and the Palestinians and it acknowledged Israel’s right to exist. ........ The Palestinians agreed to combat terror and prevent violence in the famous “land for peace” bargain........As time went on, timetables stipulated in the deal were not met, Israel’s re-deployments were slowed ......... (my words: and then the 2nd Intifada happened and the terrorism began again.)
However, it should also be noted that the Israeli's have consistently refused to even consider that right of return as a possibility. And that has been 'read' by experts on the area and situation, as being because of their fear of becoming the minority group in that country if all the Palestinians come home.
The end point, in relation to your comment, was that Arafat's signing was breathe away from bringing peace. Perhaps if the Israeli government of the time were actually open to the idea of Palestinian neighbours with equal rights, it might have succeeded.
And you know, I read either here or on some YT video comment, that with all the water that has gone under the bridge between the two groups, it's unlikely that there could ever be peace. But we have a wonderful example of how change can happen and things move ahead and peace can prevail in the worst situations. How many years were black people the slaves of a good portion of white society in America....100 years? And now there are black congressmen and senators and even a black president and myriad very successful black businessmen and women, etc. So Israel and Palestine could be neighbours and live peacefully.