Some 40 nations are attending the conference at the U.S. Naval Academy in Annapolis, Md., where Bush announced an agreement between Israel and the Palestinians to begin talks on a peace treaty immediately.

Toward the end of his remarks, Bush turned his attention to Lebanon, which has been divided by pro- and anti-Syrian factions. Bush urged the Arab world to let democracy prevail.

"The Lebanese people are (in the) process of electing a president. That decision is for the Lebanese people to make, and they must be able to do so free from outside interference and intimidation," Bush urged. "As they embark on this process, the people of Lebanon can know that the American people stand with them and we look forward to the day when the people of Lebanon can enjoy the blessings of liberty without fear of violence or coercion."