A summit held in Taba, Egypt, on 21-27 January 2001, featuring an Israeli delegation led by Prime Minister Ehud Barak and a Palestinian delegation headed by PNA President Yasser Arafat, sponsored by outgoing U.S. President Bill Clinton. Held against the backdrop of the ongoing Second Intifada and the failure of the Camp David Summit, the purpose of the summit was to resume permanent status negotiations in the framework of the Oslo Process. While both sides accepted in principle a territorial solution based on the 1967 lines with agreed territorial exchange, they differed on the specific details of the solution. On Jerusalem, the basis for negotiations was the Clinton Parameters, but talks faltered on the issue of the Historical Basin. Security and refugee issues were also discussed. The summit ended without an agreement, but with a joint statement in which the sides committed to further negotiations. However, several weeks later, Barak was defeated for reelection by Ariel Sharon, and the talks were discontinued.