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THE WHITE HOUSE

                     Office of the Press Secretary
                        (Sharm el-Sheikh, Egypt)
________________________________________________________________________
For Immediate Release                                   October 16, 2000
                        REMARKS BY THE PRESIDENT
                     AT OPENING OF PLENARY SESSION

                         Jolieville Golf Resort
                         Sharm el-Sheikh, Egypt

1:30 P.M. (L)

THE PRESIDENT: Well, first of all, I would like to thank you, President Mubarak, for having us all here, for providing an opportunity for the Palestinians and the Israelis to come together and to talk, and for us all to try to save the peace process.

I thank His Majesty, the King of Jordan; and the Secretary General of the United Nations, who has been working very hard out here and we're grateful for him; and my good friend, Javiar Solana, from the European Union -- for all being here.

I think it's very important that we all be quite honest and blunt with each other, but we be sober and serious about this. We're here because we would like to achieve three objectives. We want to end the violence and restore security cooperation. We hope to achieve agreement on an objective and fair, fact-finding process on what happened to bring us to this sad point and how we can avoid having it ever happen again. And we want to get the peace process going.

The future of the peoples involved here, the future of the peace process and the stability of the region are at stake; we cannot afford to fail here. In order to succeed, though once again we have a situation piled high with grievance, we have got to move beyond blame. We have got to focus on what we're going to do tomorrow and the next day and the next day. We have to have a balanced, mutual disengagement and we have to restore the security cooperation and have the confidence building measures necessary for people to go about their business and live in peace and begin to rebuild the bonds of trust.

The only other thing I want to ask you all is just to remember before these terrible events how far we have come since September 19*, 1993, when the Palestinians and Israelis signed the agreement to find a peaceful future together and resolve their differences peacefully, on the lawn of the White House.

We shouldn't give it all up for what has happened in the last few weeks. And what has happened in these last few weeks reminds us of the terrible alternative to continuing to live in peace and to continuing the peace process.

President Mubarak, I am grateful to you, again. We can -- if we will look to the future and proceed in a fair and balanced way, we can do what we have to do here and we must do that.

Thank you.

END 1:34 P.M. (L)