By PanARMENIAN
Armenia and the United States initialed Monday a framework agreement on strategic cooperation related to TRIPP. The documents were signed by Armenian Foreign Minister Ararat Mirzoyan and U.S. Secretary of State Marco Rubio.
Armenia and the United States published the framework agreement on the TRIPP initiative, which creates a joint development company and the implementation of road, railway, energy, and other infrastructure projects across Armenian territory.
The document states that on August 8, 2025, Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev signed a joint declaration in Washington in the presence of the U.S. president aimed at promoting lasting peace in the South Caucasus.
According to the agreement, the Trump Route for International Peace and Prosperity project, or TRIPP, is intended to promote regional peace, stability, prosperity and integration, while opening new markets for Armenia and the United States and creating economic benefits for Armenian companies involved in construction and operations.
The agreement emphasizes that Armenia retains full sovereignty, territorial integrity and jurisdiction over all TRIPP implementation zones on its sovereign territory. It also states that the project aims to establish uninterrupted multimodal transit connectivity through Armenia while linking mainland Azerbaijan with the Nakhichevan Autonomous Republic and serving as a key segment of the Trans-Caspian trade corridor.
Under Article 3, the parties intend to establish a joint venture called the TRIPP Development Company. A U.S.-based entity created under Delaware law and fully owned by the U.S. International Development Finance Corporation would hold a controlling 74% stake, while Armenia would hold 26%.
The agreement states that after the expiration of the initial 49-year term, the shareholders may mutually agree to extend the arrangement for another 50 years. In that case, Armenia’s stake in the company would increase to 49%.
The document also outlines the establishment of special-purpose subsidiaries responsible for separate TRIPP projects, including railways, highways, oil and gas pipelines, fiber-optic infrastructure and energy projects.
Armenia agreed to introduce exceptions to domestic legislation on joint-stock companies, procurement and public-private partnerships in order to support the activities of the TRIPP Development Company and its subsidiaries.
The framework agreement provides that Armenia will grant the TRIPP Development Company exclusive land use and development rights for 49 years in implementation zones designated for the projects. Those rights would be transferable to the company’s subsidiaries.
The document further states that Armenia retains full authority over border security, customs operations and emergency response within its sovereign territory. Armenia will also maintain physical presence at all border checkpoints and continue to oversee customs, migration, taxation and state administration functions.
The agreement says Armenia will seek to modernize and optimize customs and border control procedures through digital tools and may implement a “front office-back office” operational model for customs and migration procedures related to TRIPP projects.
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Direct link to this article: https://www.armenianclub.com/2026/05/27/armenia-u-s-publish-tripp-framework-agreement/
