The Parties agree to conclude the unfinished distribution of land and do this for free for the landless and poor farmers, farm workers, and fisherfolk, with just compensation to owners. The immediate focus is the distribution of the remaining balance of the lands for distribution under the Comprehensive Agrarian Reform Law (CARL).

The Parties agree that resources for land acquisition and provision of adequate support services should be mobilized to fulfil the requirements of this Agreement. These resources may come in the form of proceeds from the recovery of the Marcos hidden wealth; the unremitted portion of foreign debt payments, subject to approval of Congress; and allocations through the General Appropriations Act.

The Parties agree that agrarian justice should be dispensed quickly to resolve disputes in land ownership and related cases for the benefit of poor and landless farmers, farm workers and fisherfolks.

The Parties agree to form and convene Bilateral Terms to reconcile provisions of their Comprehensive Agreement on Social and Economic Reforms (CASER) drafts on agrarian reform and rural development.

The Parties also agree to mobilize resources to work for the passage of a new agrarian reform law that would embody the agreements.

The Parties agree to accelerate the process for concluding a CASER by forming and convening other Bilateral Terms under the Reciprocal Working Committees on Social and Economic Reforms (RWC-SER) in venues in the Philippines and nearby Asian countries to discuss their remaining agenda items.

The GRP RWC-SER commits to complete and submit to the NDFP the comparative color-coding of the NDFP CASER draft within two weeks after the conclusion of the Fourth Round of Peace Negotiations.