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This Copy For PRESIDENT RICHARD M. NIXON'S NEWS CONFERENCE #20 Held in the Briefing Room At the White House Washington, D.C. October 12, 1971 At 11:30 A.M. EDT (Tuesday) Official White House Transcript THE PRESIDENT: Be seated, please. Ladies and gentlemen, I have an announcement which is embargoed until 12:00 noon Washington time and 7:00 o'clock Moscow time. In order for you to have the chance to file before the 12 o'clock deadline, I have asked Mr. Kempster, who has the right to end the conference, to break it off at five minutes to twelve. Between that time and the time that I read this announcement, of course, I will take questions on this announcement or any other subject you would like to have covered. The announcement is as follows: The leaders of the United States and the Soviet Union, in their exchanges during the past year, have agreed that a meeting between them would be desirable once sufficient progress had been made in negotiations at lower levels. In light of the recent advances in bilateral and multilateral negotiations involving the two countries, it has been agreed that such a meeting will take place in Moscow in the latter part of May, 1972. President Nixon and the Soviet leaders will review all major issues, with a view toward further improving their bilateral relations and enhancing the prospects of world peace. We will go to your questions.