Some provisions of the "Silk Road economic belt" initiative recently proposed by Chinese President Xi Jinping overlap with those concepts that are considered and promoted within the framework of the Shanghai Cooperation Organization (SCO), so it seems logical that Xi's Central Asia tour ended with participation in the SCO summit in Bishkek, Kyrgyzstan.

The Bishkek Declaration adopted by the end of the summit largely met the expectations of experts, especially in its foreign policy part.

The declaration has become a sort of landmark event, giving an exhaustive answer to the question of how to address dangerous problems that are gaining ground worldwide.

The paper also formulates the position of the SCO on Syria, Afghanistan, Iran and the Korean Peninsula.

I would like to highlight the fact that the SCO member states in favor of the declaration expressed the ideas of further strengthening of the legal framework of international relations based on the universally recognized principles and norms of international law, especially the Charter of the United Nations.

Also, the summit participants noted that the settlement of international and regional conflicts must be carried out exclusively by peaceful political and diplomatic means on the basis of the principles of equality, respect for the sovereignty and territorial integrity of states, non-interference in the internal affairs and non-use or threat of force.

These are two fundamental moments for contemporary politics.

Standing for the rule of international law, the UN Charter, the peaceful methods of conflict resolution, respect for sovereignty and non-interference in the their internal affairs, the member states of the SCO are actually becoming one of the reputable centers that defends international law, stability and a level playing field for all.

This conceptual framework of the SCO stands in contrast with the efforts to solve problems, particularly around Syria and Iran, with the unilateral use of force and through sanctions bypassing international law and the UN Security Council, which are assumed not to be relevant to modern realities.

These provisions in the final declaration raise the international status of the SCO to a new level.

With regard to the financial and economic portions of the summit, the declaration made no major breakthrough on some of the key issues for the success of economic evolution of the SCO, such as the creation of the SCO development fund (special account) and the SCO development bank. Nor was there any progress on the issue of the mechanisms of inclusion of new countries to the SCO. Apparently, the solution of this very delicate dilemma will be postponed to an uncertain future.

However, there is hope that the issue will probably be positively resolved at the upcoming meeting in November in Tashkent, Uzbekistan.

An expeditious solution of this problem is essential for the intensification of the development of trade and economic relations between the SCO member states.

The author is a political analyst based in Uzbekistan. opinion@globaltimes.com.cn