You're reading: Europe-U.S. leaders to hold summit in Lisbon Nov. 20

BRUSSELS, Aug 17 (Reuters) - The European Union and United States will hold a summit in Portugal in mid-November, the EU said on Tuesday, an opportunity to rebuild ties strained by the cancellation of their last planned meeting.

The summit will take place in Lisbon on Nov. 20, on the sidelines of a NATO heads of state gathering.

U.S. President Barack Obama is due to hold talks with the president of the European Council, Herman Van Rompuy, and the president of the European Commission, Jose Manuel Barroso.

"The transatlantic relationship is vital to global prosperity, and both sides are committed to cooperate in order to promote growth and jobs in their economies," the EU said in a statement.

"Presidents Van Rompuy and Barroso are looking forward to this opportunity to meet again with President Obama to reaffirm the transatlantic agenda and advance EU-US cooperation on issues of mutual concern." The summit was due to take place in Spain in May but was cancelled after Obama said he would not be attending, dealing a blow to EU pride.