The Oslo Accords

Consider the following statements with reference to the Oslo Accords:

  1. The Oslo Accords is an agreement signed between the State of Israel and the Palestine Liberation Organization (PLO), meant to effectively bring the Israeli-Palestinian conflict to its end by means of territorial concessions and facilitating the creation of the Palestinian Authority.
  2. The first phase of the Oslo Accords was implemented on May 4, 1994, as Israel and the PA signed the Cairo Agreement, giving the Palestinians control over Gaza and Jericho.

Which of the statements given above is/are correct?

Only 1
Only 2
Both 1 and 2
Neither 1 nor 2