BARACK OBAMA: Hello, good afternoon.

STEPHEN HARPER: Good afternoon, ladies and gentlemen. [in French]

[in English] Once again, it is a great pleasure to welcome President Obama to Canada. We are deeply honored that he has chosen Canada for his first foreign visit since taking office. His election to the presidency launches a new chapter in the rich history of Canada-U.S. relations. It is a relationship between allies, partners, neighbors, and the closest of friends; a relationship built on our shared values -- freedom, democracy, and equality of opportunity epitomized by the President himself.

Barack Obama and Stephen Harper's Press Conference - 19 February 2009

Our discussions today focused on three main priorities. First, President Obama and I agree that Canada and the United States must work closely to counter the global economic recession by implementing mutually beneficial stimulus measures, and by supporting efforts to strengthen the international financial system.

Barack Obama and Stephen Harper's Press Conference - 19 February 2009

We concur on the need for immediate, concerted action to restore economic growth and to protect workers and families hit hardest by the recession through lowering taxes, ensuring access to credit, and unleashing spending that sustains and stimulates economic activity.

Barack Obama and Stephen Harper's Press Conference - 19 February 2009

Second, President Obama and I agreed to a new initiative that will further cross-border cooperation on environmental protection and energy security. We are establishing a U.S.-Canada clean energy dialogue which commits senior officials from both countries to collaborate on the development of clean energy science and technologies that will reduce greenhouse gases and combat climate change.

Third, the President and I had a productive discussion about our shared priorities for international peace and security -- in particular, our commitment to stability and progress in Afghanistan.

This has been a very constructive visit, revealing to both of us a strong consensus on important bilateral and international issues. President Obama, I look forward to working with you in the months ahead to make progress on these issues and build on the long and deep friendship between our two countries and our two peoples.

OBAMA: Thank you. Well, it is a great pleasure to be here in Ottawa. And Prime Minister Harper and I just completed a productive and wide-ranging discussion on the many issues of common concern to the people of the United States and Canada.

I came to Canada on my first trip as President to underscore the closeness and importance of the relationship between our two nations, and to reaffirm the commitment of the United States to work with friends and partners to meet the common challenges of our time. As neighbors, we are so closely linked that sometimes we may have a tendency to take our relationship for granted, but the very success of our friendship throughout history demands that we renew and deepen our cooperation here in the 21st century.

We're joined together by the world's largest trading relationship and countless daily interactions that keep our borders open and secure. We share core democratic values and a commitment to work on behalf of peace, prosperity, and human rights around the world. But we also know that our economy and our security are being tested in new ways. And the Prime Minister and I focused on several of those challenges today.

As he already mentioned, first we shared a commitment to economic recovery. The people of North America are hurting, and that is why our governments are acting. This week I signed the most sweeping economic recovery plan in our nation's history. Today the Prime Minister and I discussed our respective plans to create jobs and lay a foundation for growth. The work that's being done by this government to stimulate the economy on this side of the border is welcomed, and we expect that we can take actions in concert to strengthen the auto industry, as well.

We know that the financial crisis is global, and so our response must be global. The United States and Canada are working closely on a bilateral basis and within the G8 and G20 to restore confidence in our financial markets. I discussed this with Prime Minister Harper, and we look forward to carrying that collaboration to London this spring.

Second, we are launching, as was mentioned, a new initiative to make progress on one of the most pressing challenges of our time: the development and use of clean energy. How we produce and use energy is fundamental to our economic recovery, but also our security and our planet. And we know that we can't afford to tackle these issues in isolation. And that's why we're updating our collaboration on energy to meet the needs of the 21st century.