Armenia-US Officially Sign TRIPP Agreement

Secretary of State Marco Rubio and Foreign Minister Ararat Mirzoyan sign a strategic agreement regarding TRIPP at Zvartnots Airport on May 26

TRIPP Development Company to be Financed by New $2.5 Billion Initiative

The United States and Armenia have officially signed a strategic cooperation agreement regarding the Trump Route for International Peace and Prosperity—TRIPP—projects, which were reached last week when Secretary of State Marco Rubio briefly visited Armenia.

“Pursuant to the implementation of the understanding reached in Yerevan on May 26, Minister of Foreign Affairs of Armenia Ararat Mirzoyan and U.S. Secretary of State Marco Rubio signed the Agreement remotely. The Agreement was signed by the U.S. Secretary of State in Washington on June 1, and by the Foreign Minister of Armenia in Yerevan on June 4,” Armenia’s Foreign Ministry said in a statement on Thursday.

“This is another important step in realizing the Armenia-US vision of a peaceful, secure, and prosperous Armenia and region,” Yerevan’s official announcement said.

In a video post, Foreign Minister Ararat Mirzoyan said that the document was ready to be submitted for approval, presumably by parliament, which will change following Sunday’s election.

In a related matter, the U.S. International Development Finance Corporation (DFC) Board of Directors on Thursday approved $2.5 billion in new strategic investments aimed at strengthening U.S. supply chains, expanding U.S. energy exports, supporting regional peace and stability, and bolstering economic cooperation.

While that project focuses on U.S. interests in Southeast Asia, it specifically mentions building the “flagship” Trump Route for International Peace and Prosperity Development Company “to further peace,” said DFC CEO Ben Black.