Sinn Fein has said it is "looking forward" to receiving the package of proposals from the two governments, which it would examine in a "constructive and positive" manner.
The party president, Mr Gerry Adams, said Sinn Fein would measure the package against the commitments in the Belfast Agreement and on the basis of how far it would go towards ensuring the full implementation of that agreement.
"The threat to this process doesn't come from the weapons of the IRA which are silenced," he said. "The threat came from the plastic bullets that were still being used and from loyalist weapons . . . Let's wait to see the package to see if it provides a bridge towards full implementation [of the Belfast Agreement]," he added.
Referring to Mr David Trimble, who had insisted prior to the talks that they would have a "one-issue agenda" - the decommissioning of the IRA's arms - Mr Adams said: "One politician came here and said there was only going to be one issue dealt with. Well, all of the issues have been dealt with."
While he found the British Prime Minister, Mr Tony Blair, to be a "good guy", he felt the British government's positions on the outstanding issues fell short of what it had committed itself to and was not enough to deliver on the Belfast Agreement.
He said he had also raised with Mr Blair the issue of the RUC's "unacceptable" conduct during riots in the nationalist Ardoyne area of north Belfast.