US President Barack Obama and UK Prime Minister David Cameron exchanged beers on Saturday to honour their bet over the England-US World Cup soccer match that ended in a draw.

"This is Goose Island 312 beer from my hometown of Chicago. I advised him that in America we drink our beer cold," Obama said after a meeting with Britain’s new prime minister at a Group of 20 Summit in Toronto.

Cameron reciprocated with a brew local to his Witney constituency called Hobgoblin.

Obama had earlier given Cameron a ride to Toronto in his Marine One helicopter from the Group of Eight summit in a resort north of Toronto, and apparently suggested his passenger pay his own way.

"Thank you also for the lift between the two. It was — he threatened to send me a bill, but as I said, times are very tight in the UK, so I’m afraid we’ll have to take it as a free lift," Cameron said.

Earlier this year, Obama shipped a case of American beer to Canadian Prime Minister Stephen Harper after losing a bet over the men’s Olympic hockey final in which Canada beat the US.

— Reuters