The 1998 Belfast Agreement brought to an end over three decades of armed conflict in Northern Ireland. This paper summarizes the role of actors within and outside Northern Ireland, and the processes and mechanics of the Agreement itself. The Agreement is placed in the context of previous unsuccessful peace initiatives in the region, and elements within the political and economic environment at the time that facilitated agreement are identified. The consociational nature of the Agreement is set alongside concern about continuing sectarian division. It is argued that the Agreement was as much a product of previous failed attempts and the changed economic and political environment as it was a product of the negotiations. The Belfast Agreement is evaluated and tentative lessons for the Arab-Israeli and other peace processes are delineated.