G8 summit continues in Northern Ireland

G8 Summit which brings together world's most developed nations started in Northern Ireland on Monday continues.

Major topics to be handled on the second day of the summit include trade activities, taxation, and transparency.

Leaders of US, UK, Germany, France, Italy, Russia, Canada, and Japan discuss the matter of tax compliance as well as preventing tax evasion and improving trade activities.   

Mexican and Ethiopian leaders also attend the summit when the terror issue is brought to the table. 

Obama said Monday in a press conference prior to the summit that the meetings between US and EU on a free trade agreement would start next month. The agreement is expected to make major contribution to both sides, around 120 billion euros to EU's economy and 95 billion euros to US economy.  

Civil war in Syria was the main agenda item of G8 summit on its first day. US President Barack Obama and his Russian counterpart Vladimir Putin said Monday they had different points of views on Syria adding they wanted to bring an end to the crisis in the country.  

Following the summit, US and Russia agreed on another summit between two countries in Moscow on September 3-4 during which bilateral relations would be handled as well as international matters. 

England wants to reach an agreement on Syria issue which would also be included in the G8 final declaration.

The final declaration is expected to call for support of peace talks in Geneva on Syria crisis and the permission for the humanitarian aid to be delivered in all parts of Syria.  

G-8 summit will end on Tuesday with a final declaration and press conference.