The text of the joint U.S.-Soviet statement on the Middle East, as released today at the United Nations by the U.S. State Department, reads as follows:

"Having exchanged views regarding the unsafe situation which remains in the Middle East, United States Secretary of State Cyrus Vance and member of the Politburo of the Central Committee of the Communist Party of the myko, have the following state-Soviet Union, Minister for Foreign Affairs of the USSR A. A. Groment to make on behalf of their countries which are cochairmen of the Geneva Peace Conference on the Middle East:

1. Both governments are convinced that vital interests of the peoples of this area as well as the interests of strengthening peace and international security in general urgently dictate the necessity of achieving as soon as possible a just and lasting settlement of the Arab-Israeli conflict. This settlement should be comprehensive, incorporating all parties concerned and all questions.

"The United States and the Soviet Union believe that, within the framework of a comprehensive settlement of the Middle East problem, all specific questions of the settlement should be resolved, including such key issues as withdrawal of Israeli armed forces from territories occupied in the 1967 conflict; the resolution of the Palestinian question including insuring the legitimate rights of the Palestinian people; termination of the state of war and establishment of normal peaceful relations of the basis of mutual recognition of the principles of sovereignty, territorial integrity and political independence.

"The two governments believe that, in addition to such measures for insuring the security of the borders within Israel and the neighboring Arab states as the establishment of demilitarized zones and the agreed stationing in them of U.N. troops or observers, international guarantees of such borders as well as of the observance of the terms of the settlement can also be established, should the contracting parties so desire. The United States and the Soviet Union are ready to participate in these guarantees subject to their constitutional processes.

"2. The United States and the Soviet Union believe that the only right and effective way for achieving a fundamental solution to all aspects of the Middle East problem in its entirety is negotiating within the framework of the Geneva Peace Conference, specially convened for these purposes, with participation in its work of the representatives of all the parties involved in the conflict including those of the Palestinian people, and legal and contractual formalization of the decisions reached at the conference.

"If their capacity as cochairmen of the Geneva Conference, the U.S. and the USSR affirm their intention through joint efforts and in their contracts with the parties concerned to facilitate in every way the resumption of the work of the conference not later than December 1977. The cochairman note that there still exists several questions of a procedural and organizational nature which remain to be agreed upon by the participants to the conference.

"3. Guided by the goal of achieving a just political settlement in the Middle East and of eliminating the explosive situation in this area of the world, the U.S. and the USSR appeal to all the parties in the conflict to understand the necessity for careful consideration of each other's legitimate rights and interests and to demonstrate mutual readiness to act accordinly."