The Oslo Accords are a set of agreements between the government of Israel and the Palestine Liberation Organization (PLO): the Oslo I Accord, signed in Washington, D.C., in 1993 and the Oslo II Accord, signed in Taba in 1995. The Oslo Accords marked the start of the Oslo process, a peace process that is aimed at achieving a peace-treaty based on the United Nations Security Council Resolution 242 and 338, and to fulfill the "right of the Palestinian people to self-determination." The Oslo process started after secret negotiations in Oslo, resulting in the recognition by the PLO of the State of Israel and the recognition by Israel of the PLO as the representative of the Palestinian people and as a partner in negotiations.
The Oslo Accords created the Palestinian Authority, whose functions are the limited self-governance over parts of the West Bank and Gaza Strip; and, it acknowledged that the PLO is now Israel's partner in permanent status negotiations about the remaining issues. The most important issues are the borders of Israel and Palestine, the Israeli settlements, the status of Jerusalem, the question of Israel's military presence in and control over the remaining territories after the recognition of the Palestinian autonomy by Israel, and the Palestinian right of return. The Oslo Accords, however, did not create a Palestinian state.
The Oslo process is the "peace process" that started in 1993 with secret talks between Israel and the PLO. It became a cycle of negotiations, suspension, mediation, restart of negotiations and suspension again. A number of agreements were reached, until the Oslo process ended after the failure of the Camp David Summit in 2000 and the outbreak of the Second Intifada.