Achieving an agreement will require painful political concessions by both sides," said Bush. "I called upon both leaders to make sure their teams negotiate seriously, starting right now."
The president's comments came after his meeting with Palestinian leaders in the West Bank, where Bush predicted that a peace treaty would be signed by the time he leaves office in 2009.
Speaking at a joint news conference with Palestinian President Mahmoud Abbas -- and a day after meeting with Israeli Prime Minister Ehud Olmert -- Bush said both men realize the importance of democratic states living together in peace.
"In order for there to be lasting peace, President Abbas and Prime Minister Olmert have to come together and make tough choices and I'm convinced they will," Bush said in Ramallah.
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