The World Economic forum, which was founded in 1992, is set to hold its annual meeting in Davos this week.
The summit, to be held next week, will be the first in a series of annual meetings the forum holds to promote the development of its global initiatives.
It is the first time that the two countries have joined forces in a concerted effort to combat climate change.
The forum, chaired by the world’s largest economies and led by President Donald Trump, has come under pressure for not doing enough to combat global warming.
In its final report on climate change, the organization said it has the “highest priority” to combat the issue.
But the meeting, hosted by the World Economic Foundation, also highlighted the importance of “the global economy” to address climate change and called for the United States to take action.
The US has pledged $1.5 trillion to the organization in 2020 to support the fight against climate change as part of a larger pledge of $1 trillion by 2025.
“The United States is not the only nation in the world that is moving forward with its efforts to fight climate change,” Trump said in the speech.
“We will lead this effort and we will be partners.”
Trump’s administration has also been trying to promote more bilateral economic cooperation with Russia and China.
Trump recently held a meeting with Russian President Vladimir Putin at the G20 summit in Germany.
The world’s top economies will also convene at the end of June in Switzerland for the World Economy Forum (WEF) and the International Monetary Fund’s (IMF) annual meeting, which will focus on emerging economies.
The WEF and IMF will host the next two meetings.