The Sinn Fein leader said his party will put the two governments' proposals to the test of the Belfast Agreement.
Speaking shortly after the proposals were published yesterday, Mr Gerry Adams said his party was deferring its judgment on the package until tomorrow when its ardchomhairle would meet in Co Louth to discuss it.
Mr Adams said policing, the political institutions, demilitarisation, the arms issue, human rights, the equality agenda, and the justice system were "all stand-alone issues, issues to be resolved in their own right.
Sinn Fein will engage constructively to see if what's currently proposed has the potential to finally implement the Good Friday agreement as promised by the two governments," he said.
"We will continue to engage with both governments and all the other parties to ensure that the Good Friday agreement is implemented in full."
Mr Adams added that the "process requires the governments to provide and make public the details of what they are proposing," and he said his party would be seeking clarification in a number of areas.
He said he was unwilling to engage in an in-depth discussion, but he pointed to the document's commitment to publish an implementation plan for a review of the criminal justice system. "It simply refers to the review of the justice system, the human rights issue isn't mentioned there at all at all," he said.
Asked whether he thought the proposals could bring about IRA decommissioning and whether he would recommend this to the IRA, Mr Adams said "it isn't the responsibility of Sinn Fein. The IRA, I am sure, are not waiting for us to interpret this package for them, it's a public document".
He added: "The IRA in its own council will make up their own minds."
Mr Adams said it was wrong to view the proposals in the document as concessions to get his party to make the IRA act in a certain way. "If the subtext to all of this is that Sinn Fein's attitude on this is really by proxy trying to get the IRA to do things, then everybody misses what was possible and what was the core part of the Good Friday agreement," he said.
It was wrong to make decommissioning a precondition for the implementation of the proposals, he said. "These are entitlements we are talking about, these are rights, they are not something to be doled out or held back at the whim of governments or First Ministers or anybody else."