The President will participate in the G-8 Working Session at the Deerhurst Resort in Muskoka, Canada where the last session will focus on peace and security. World leaders from the Group of 8 will discuss the nuclear ambitions of both Iran and North Korea as well as terrorism and security in Afghanistan and Pakistan. Lastly, the discussion will turn to the ongoing situation in the Middle East.
After the G-8 ends, it's south to Toronto where the G-20 summit will take place. But before the President jumps into another lengthy economic discussion, he will hold separate bilateral meetings with Prime Minister Cameron of the United Kingdom and President Lee of the Republic of Korea as well as with President Hu of the People's Republic of China.
White House officials say it was important to have the first bilat in the series to be with British Prime Minister David Cameron. This will be the first face-to-face meeting the two leaders have had since Cameron took office last month. Cameron is expected to press President Obama on a dollar amount so BP has an idea of final costs related to the oil spill. Cameron has said publicly that US and Britain both a stake in the oil company remaining a stable entity. The Cameron bilat begins shortly after the U.S.-Ghana soccer match that President Obama has expressed in interest in watching. The President will next sit down with South Korean President Lee Myung-bak in what senior administration officials describe as both a public and private show of support for the country after one of its military vessels was struck by a North Korean torpedo in March ripping the ship in two and killing 46 South Korean sailors. North Korea has denied the incident accusing the United States and South Korea of fabricating the attack. The U.S. has denied such charges and backs South Korea's accusations. Lastly, Mr. Obama will meet with Chinese President Hu Jintao. The U.S. has been working closely with China in terms of global economy and security. China recently sided with the US in sanctions proposed by the United Nation's Security Council. The country has also decided to allow its currency which has been considered long undervalued, to appreciate against the US dollar. Mr. Obama is expected to raise these issues and other trade concerns with his counterpart during their meeting.
In the evening, the President and the First Lady will arrive at the Fairmont Royal York Hotel where they will attend the G-20 Working Dinner. This dinner is closed.