I'd love to answer, but I want to make sure I know what you're asking for before I get into it. Are you referring to the significance in terms of how other nations perceived it, how it affected Israel's relations with other nations, or how it was perceived in Israel? Or is it some combination of the three? If none, please let me know :).

As soon as I know which you're asking about, I'll get into it, just don't want to overload you with information ;).