Summit Conference is used sometimes for a meeting between the leaders of two world powers that have serious matters to discuss. State visit is a term used when a leader visits a foreign country and is received by its leader.
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A private meeting of political party leaders was called a Tradition
Foreign relations can be important and the proper greeting and meeting of foreign guests can affect foreign relations. An entire nation may be offended if the President treats their leader poorly. Nations sometimes compare how the President treats their leaders.
A caucus is a private meeting held by leaders before a general open meeting is held. An example of a caucus is the Democratic leaders meeting held before the National Convention.
A meeting with a foreign leader usually does not have any great meaning.