"Nor has a single week gone by when I have not reaffirmed my conviction that had he not lost his life on that terrible November night, within three years we would have had a comprehensive agreement for peace in the Middle East."
Rabin was shot dead on November 4, 1995 by a Jewish extremist opposed to a peace deal with the Palestinians.
Clinton's comments come as the peace process begun by Rabin, Clinton and the late Palestinian leader Yasser Arafat lies in tatters amid so far fruitless efforts by US President Barack Obama to get both sides back to the negotiating table.
He urged Israelis and Palestinians to put aside the wrongs of the past for the good of the future, calling on them to learn from the "wisdom" of Rabin's life.
Rabin is revered as a national hero in Israel, both for his legendary career as army chief and for peace efforts in the 1990s that earned him a Nobel peace prize shared with Arafat and current Israeli President Shimon Peres.
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Image: AFP/File/Tim Sloan.