The Armenian parliament ratified the Framework Agreement between Armenia and the United States on Strategic Cooperation Concerning the Trump Route for International Peace and Prosperity (TRIPP), with 63 votes in favor and 32 against.
The Civil Contract faction voted in favor of ratification, while the opposition Strong Armenia and Armenia (Hayastan) factions voted against it.
The agreement was presented to parliament by Armenia’s Minister of Foreign Affairs and International Trade Ararat Mirzoyan. During the debate on October 27, he emphasized that all infrastructure planned on Armenia’s territory would operate under the sovereignty and jurisdiction of the Republic of Armenia.
He said the project envisages unblocking regional communications, allowing Armenia to connect with third countries through Azerbaijan and also ensuring domestic railway connectivity. Azerbaijan, in turn, would gain a connection with Nakhchivan through Armenian territory.
The agreement provides for the establishment of a TRIPP Development Company, in which Armenia will hold a 26% stake and the U.S. side a 74% stake. The initial term is 49 years. If the cooperation is extended for another 50 years by mutual agreement between the parties, Armenia’s stake will increase to 49%, while the U.S. side will hold 51%.
Mirzoyan also said on October 27 that the company’s charter and shareholders’ agreement still needed to be negotiated and adopted. According to him, the American co-founder company will remain under the ownership and management of the U.S. government at all times.
The agreement was signed in June 2026.
Published by Armenpress, original at
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