The Palestinian people must have the right to govern themselves and reach their full potential in a sovereign and continuous state.
As for security every state has a right to defend itself, and Israel must be able to defend itself, by itself. (President's emphasis on that phrase is pronounced.), against any threat.
Provisions also must be robust enough to prevent the resurgence of terrorism, to stop the infiltration of weapons, and to provide effective border security. The full and phased withdrawl of Israeli military forces should be coordinated with the assumption of Palestinian security responsibility in a sovereign and non-militarized state."