Israeli and US officials will begin the process of formalizing a joint Jerusalem Declaration on Thursday, the Israeli daily Haaretz reported on Friday. 

A joint declaration would set the stage for talks on future Israeli-Palestinian relations, according to Haaretz.

According to Ha, the declaration would be a “game changer” for the two sides.

The plan is to establish a joint committee to prepare the document and issue a final document that will be signed by Israeli Prime Minister Benjamin Netanyahu, US Secretary of State John Kerry and other senior officials.

The joint committee will be headed by US Ambassador to Israel Dan Shapiro.

The Joint Declaration would serve as the first step toward peace between Israel and the Palestinians.

A joint statement issued by the US and Israel in October 2017 called for a “one-state solution” in which Israel would remain in the occupied West Bank, Gaza Strip and East Jerusalem.

The United States has been a vocal critic of the Israeli government’s settlement construction policies, particularly its decision to build out settlements in East Jerusalem and the West Bank.

The announcement comes after the UN General Assembly voted to recognize Jerusalem as Israel’s capital and relocate the city’s holy sites.

A statement issued Friday by the White House said the announcement of a joint statement would be “a historic moment for the region.”

The statement said the US would “reiterate our longstanding commitment to the two-state resolution” and “will work closely with the UN to ensure that the two states achieve a lasting, secure, and just peace.”

It noted that the resolution is not “a binding agreement” but a “step in the right direction.”

“The United Kingdom will continue to support the United Nations as it implements this resolution,” the White’s statement said.

“We look forward to further dialogue on the United States’ support for the United Nation’s resolution.”