President Barack Obama says a meeting with Argentina's president gave them a nice opportunity to build on the long history between their countries.

Obama said the U.S. and Argentina share a range of common interests and concerns, including about the global economy. Argentina suffered a devastating default on its debt in 2001 but has experienced nearly a decade of strong economic growth since then.

Obama and President Cristina Fernandez were expected to talk about cooperation on economics, trade, science and security issues during a private meeting on the sidelines of a global economic summit in Cannes, France.

The U.S. president also congratulated Fernandez on her recent re-election to a second term.