Israel and Egypt have agreed on the third member of the arbitration panel which will be asked to resolve their dispute over Taba. The agreement was reached Monday in less than three hours of what was expected to be a three-day meeting between Israeli and Egyptian delegations.
The name of the third arbitrator, a European, will be announced only after the nominee is officially informed and agrees to serve. The delegations met in closed session at the Geneva City Hall. The two arbitrators already chosen attended. They are Dietrich Schindler of Switzerland and Pierre Bellet of France.
The full arbitration panel will hold its first meeting here in December. The process is expected to last a year. Israel and Egypt will jointly bear the expenses. The president of the panel will receive $300,000 for his work and the other members $100,000 each.
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