According to
The Continuum Political Encyclopedia of the Middle East:
"The normalization of relations between Israel and Egypt went into effect in January 1980. Ambassadors were exchanged in February. The boycott laws were repealed by Egypt's National Assembly the same month, and some trade began to develop, albeit less than Israel had hoped for. In March 1980 regular airline flights were inaugurated. Egypt also began supplying Israel with crude oil".
The time that has elapsed since the Camp David Accords has left no doubt as to their enormous ramifications on Middle Eastern politics. Most notably, the perception of Egypt within the Arab world changed. With the most powerful of the Arab militaries and a history of leadership in Arab world under Nasser, Egypt had more leverage than any of the other Arab states to advance Arab interests.
Also, the Camp David Accords prompted the disintegration of a united Arab front in opposition to Israel. Because of the vague language concerning the implementation of Resolution 242, the Palestinian problem became the primary issue in the Arab-Israeli conflict immediately following the Camp David Accords (and arguably, until today).
Lastly, the biggest consequence of all may be in the psychology of the participants of the Arab-Israeli conflict. The success of Begin, Sadat, and Carter at Camp David demonstrated to other Arab states and entities that negotiations with Israel were possible.
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