On May 18-19, 2012, the leaders of Britain, Canada, France, Germany, Italy, Japan, Russia, and the EU joined President Barack Obama at Camp David for the annual G8 Summit. The leaders met to address major global economic, political, and security challenges, including energy and climate change, food security and nutrition, Afghanistan's economic transition and transitions taking place across the Middle East and North Africa.
In his remarks at the closing of the Summit, President Obama said, "For the past three years, our nations have worked together and with others first to rescue a global economy from freefall, then to wrestle it back to a path of recovery and growth. Our progress has been tested at times by shocks like the disaster in Japan, for example. Today it's threatened once again by the serious situation in the eurozone.
"As all the leaders here today agreed, growth and jobs must be our top priority. A stable, growing European economy is in everybody's best interests -- including America's. Europe is our largest economic partner. Put simply, if a company is forced to cut back in Paris or Madrid, that might mean less business for manufacturers in Pittsburgh or Milwaukee. And that might mean a tougher time for families and communities that depend on that business."
President Obama continued, "This morning, I updated you on the progress we made last night in our discussion of security issues. And today, following our discussion of the economy, we also made progress on a range of other important challenges. We discussed the importance of pursuing an all-of-the-above strategy for energy security in a safe and sustainable way. Leaders agreed to join a new U.S.-led coalition to address climate change, in part by reducing short-lived pollutants. And in the face of increasing disruptions in the supply of oil, we agreed that we must closely monitor global energy markets. Together, we stand ready to call upon the International Energy Agency to take action to ensure that the market remains fully and timely supplied.
"We also announced a new alliance on food security with African leaders and the private sector as part of an effort to lift 50 million people out of poverty over the next decade. We discussed our support for a sustainable Afghan economy as we wind down the war, and we reaffirmed our support for the democratic transitions underway in the Middle East and North Africa."
The leaders released a Camp David Declaration as well as fact sheets on Energy and Climate Change, the New Alliance for Food Security and Nutrition, and the Deauville Partnership with Arab Countries in Transition. You can read more about the Summit here.