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    Peres Says Israel Must Seriously Consider Arab Peace Initiat

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    President Shimon Peres told world leaders on Wednesday at an interfaith dialogue in New York that the Arab peace initiative must be seriously considered as a real opportunity for real progress in Middle East peace. The proposal, initiated by Saudi Arabia in 2002 and ratified by Arab foreign ministers last year in Damascus, offers pan-Arab recognition of Israel in exchange for Israel's withdrawal from Arab lands captured in 1967. 11/13/08