The Arab initiative of 2002 offers Israel peace and normal relations with all Arab countries in return for withdrawal from all territory captured in the 1967 war.
Although no time frame was set in the declaration, Amr Moussa, the Arab League chief, told a news conference that a review could begin in the middle of the year.
The language on the Arab peace plan was not a surprise as it was almost identical to that of a decision approved by Arab foreign ministers at a meeting in Cairo three weeks ago.
The declaration also expressed support for Mahmoud Abbas, the Palestinian president, saying his leadership should be respected.
It also said the situation in Gaza should "return to the status" before Hamas seized full control of the territory by forcing out security forces loyal to Abbas in June.Iraqi refusal
Meanwhile, the delegation from the government in Baghdad refused to endorse the declaration for failing to condemn terrorism in Iraq.
"I express reservations on the text because this is not what we have agreed upon [in closed door meetings]," Adil Abdul-Mahdi, the Iraqi vice-president, said.
|The Syrian government labelled the|
summit as a success [GALLO/GETTY]
"It does not include the efforts of the Iraqi government for national reconciliation and it does not condemn terrorism and violence."
Iraq's Shia and Kurd-led government has repeatedly accused Sunni-led Arab governments in the region of not taking a strong enough stance against Sunni Arab fighters in Iraq.
Delegates have announced they will hold an international conference to define the meaning of terrorism.
This is reportedly aimed at differentiating between "resistance" and "terrorism" and an attempted "international standard" on defining terrorism.
Despite Iraqi objections, Arab League leaders called for their "Iraqi brothers to stop bloodshed immediately and preserve the lives of innocent citizens" and for the quick withdrawal of the "foreign presence" in Iraq.