Today, President Obama is in Northern Ireland for the G-8 Summit in Lough Erne, his fifth G-8 since taking office.
Following his remarks in Belfast yesterday, he held a number of meetings with world leaders ahead of the G-8, including a visit with U.K. Prime Minister David Cameron and a meeting with EU leaders on the Transatlantic Trade and Investment Partnership.
Together with European Commission President Jose Manuel Barroso and European Council President Herman Van Rompuy, President Obama announced that the United States and the European Union would launch negotiations on the trade agreement in July. The partnership will boost economic growth in the United States and the EU, as President Obama explained.
"[T]he U.S.-EU relationship is the largest in the world. It makes up nearly half of global GDP. We trade about $1 trillion in goods and services each year. We invest nearly $4 trillion in each other’s economies. And all that supports around 13 million jobs on both sides of the Atlantic.
"And this potentially groundbreaking partnership would deepen those ties. It would increase exports, decrease barriers to trade and investment. As part of broader growth strategies in both our economies, it would support hundreds of thousands of jobs on both sides of the ocean."
Read more about the Transatlantic Trade and Investment Partnership.
To mark the official start of the G-8 yesterday afternoon, President Obama participated in an arrival ceremony with other G-8 leaders, and attended the first plenary session. During their meeting, leaders discussed the global economy, and President Obama announced increased humanitarian assistance for Syria.
Later that evening, the President held a bilateral meeting with President Vladmir Putin of Russia, and took part in a working dinner with G-8 leaders. The summit and additional meetings will continue today -- check back here for more updates.
For more information:
- Learn more about the President's trip to Northern Ireland and Germany
- See the joint statements released by the United States and Russia
- See the statement from G-8 leaders on the global economy
- Fact Sheet: Transatlantic Trade and Investment Partnership
- Fact Sheet: President Obama Increases Humanitarian Assistance to Syrians
Editor's Note: This entry originally appeared on the White House Blog.