According the Associated Press, Palestinian Authority Prime Minister Salam Fayyad said the Middle East conference being planned by the United States should produce "explicit agreement on the establishment of a Palestinian state ... and laying down a binding timetable and international guarantees for the completion of an Israeli-Palestinian agreement."
According to the "road map," theoretically accepted by the Palestinian Authority, the PA must not only abandon terrorism (something it was committed to do under the original Oslo Accords it violated with impunity) but eliminate the terrorist infrastructure it built up (also in blatant violation of its commitments under Oslo).
Thus far, not only has the Palestinian Authority failed to take those steps, but it has repeatedly insisted it wouldn't. Since the Fatah portion of the multi-headed monster lost its grip on Gaza to Hamas, the PA couldn't take these steps even if it had the inclination.
Nor has the Palestinian Authority even hinted at the willingness to negotiate in good faith and make even minimal compromises in its outlandish demands for sovereignty over every square inch of the disputed territories, combined with the ethnic cleansing of any Jewish presence from those portions of Eretz Yisrael, and the redivision of Jerusalem.
The first step towards peace must be to disabuse the leaders of the Palestinian Arabs that they can renege on all the agreements they make and refuse to compromise and, if they wait long enough and kill enough innocent Israelis, America will force Israel to cave in.