The Arab foreign ministers have agreed to a US proposal for indirect Palestinian-Israeli talks.The Palestinian chief negotiator Saeb Erekat told a news agency today that the foreign ministers of Arab states agreed to give the diplomatic initiative for four months at a meeting in the Egyptian capital of Cairo. He added that this is the American effort to revive the peace process.Erekat said that Arab League ministers would convene again in July if the indirect negotiations failed.Meanwhile, Israel today welcomed the endorsement of the proposal. The spokesman for Israeli prime minister Binyamin Netanyahu, Mark Regev said we hope now that the talks can move forward.Arab delegates said talks should be based on the principles of a 2002 Arab peace initiative which calls for full normalisation with Israel in exchange for a complete withdrawal by Israel from Arab land, the creation of a Palestinian state and an equitable solution for Palestinian refugees.