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A communique agreed to by the 47 nations who attended this week's Nuclear Security Summit in Washington, D.C. will play a meaningful role in preventing vulnerable nuclear material from landing in the wrong hands, President Barack Obama said Tuesday.

"Because of the steps we've taken as individual nations and as an international community, the American people will be safer and the world will be more secure," Obama stated during a press conference following the close of the summit.

The communique, which is non-binding, states twelve commitments for the represented nations, including the recognition of the risk posed by vulnerable nuclear material, an agreement for nation's to provide others with assistance when necessary to achieve security and a pledge to fulfill all existing commitments in regards to nuclear material.

"We've made real progress in building a safer world," Obama said.