US Vice President said on Saturday that Washington would do its utmost to stabilize the financial market, and act aggressively on the issues of climate change and energy security.

"To the greatest extent possible, we must cooperate, make sure that our actions are complementary, and do our utmost to combat this global crisis... The United States is doing its part and President (Barack) Obama looks forward to taking this message to the G-20 meeting in London in April," said Biden at the 45th Munich Security Conference.

Biden said Washington was determined to work together with the rest of the world for the common prosperity and security. "America will act aggressively on climate change and pursue energy security," he added.

Biden, who is on his first trip abroad since taking office, delivered for the first time the new US administration's foreign and security policies.

Concerning the Israeli-Palestinian conflict, Biden said that Washington will strive for a "two-state" solution to the decades-long issue.

He said that his country would cooperate with the European Union and the Arab states to consolidate the ceasefire between Israel and Hamas, and enhance reconstruction efforts in Gaza.

Stressing that the Obama Administration is determined to "set a new tone"in America's relations with other countries in the world, Biden called for "renewing" the unique US-EU partnership in a move to repair relations with Europe, which was divided over Washington's war on Iraq.

In his speech, Biden also touched upon relations with Iran, Russia, and the issue of Afghanistan.