Summary
Armenia and Azerbaijan have signed a joint declaration with the U.S. to work on resolving their long-standing conflict. This includes the creation of a 27-mile route in Armenia called the Trump Route for International Peace and Prosperity (TRIPP), aimed at improving regional trade and cooperation. The route is designed to connect key regions and boost Armenia's economy and infrastructure.
Key Facts
- On August 8, Armenia and Azerbaijan signed a joint declaration in Washington, D.C., with President Trump.
- The declaration aims to address a long-standing conflict in the South Caucasus region.
- The Trump Route for International Peace and Prosperity (TRIPP) will be a new transit route through southern Armenia.
- The route connects Azerbaijan with its exclave Nakhichevan and extends to Turkey.
- U.S. companies have development rights to build the route using U.S. engineering and technology.
- TRIPP is expected to create jobs, raise revenue from transit fees, and connect Armenia to global markets.
- Ongoing negotiations with Turkey aim to potentially reopen a border closed since 1993, enhancing regional connectivity.
- TRIPP aims to improve regional trade routes and reduce dependency on trading paths through Iran.
