Peres: Saudi peace proposal needs negotiation

A revived Mideast peace proposal by Saudi Arabia represents progress in the Arab position, but all its elements need to be fully negotiated, Israeli Deputy Prime Minister Shimon Peres said Tuesday. Peres, in Tokyo for a four-way "confidence-building" conference with the Palestinians, Jordan and Japan, said Israel rejects any preconditions for discussing the Saudi proposal to restart long-stalled peace efforts. "As an Arab position, it is progress, and we would like to continue negotiations," Peres told reporters. "But it is the opening position, not yet the fallback," he said, saying any final agreement would be different from the original proposal.