But critics say the US should go slowly on a deal that would help a crucial trading partner for Iran.
Former President Jimmy Carter urged new focus on Israeli-Palestinian peace last week. But other accords may be more feasible.
President Nicolas Sarkozy heads to Asia this week to broach the idea of bringing India and China together with G-8 nations in a 'Bretton Woods II' framework of economic rules.
Bush says reforms must improve, not fetter, the free market; Europeans hint at more robust intervention.
Ms. Rice concludes a one-day trip to the region Monday. Her 22 visits have netted little progress.
South Korea's conservative president will meet with Bush Friday, as the US appears to soften its stance on North Korea.
In Jerusalem Wednesday, the president called for two democracies, Israel and Palestine, to live side by side.