The proposed peace committee will comprise officials of relevant government institutions, local administrators of border communities and elders from both countries, the statement said.
The 32nd Ethio-Kenya Joint Border Commission meeting has discussed border related issues for three days since Tuesday in Adama after sporadic disputes between their citizens living in such areas.
The three-day meeting also discussed political, socio-economic, peace and security issues across the shared border.
The meeting was concluded by the adoption of resolutions that enable them strengthen relations and resolve future conflicts.
The Ethio-Kenya Joint Border Commission is one of the oldest joint border commissions in the region dealing with border issues.