Washington (CNN) - President Barack Obama will travel to Portugal in November for a summit with the leaders of the European Union, the White House announced Tuesday.

The meeting on November 20 in Lisbon will include European Council President Herman Van Rompuy and European Commission President Jose Manuel Barroso, according to a news release.

"The president looks forward to this opportunity to meet again with EU partners, to reaffirm our transatlantic agenda, and to advance our cooperation on issues of mutual concern," said the release, which called the U.S.-EU economic relationship "vital to global prosperity."