Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Yerevan, January 14 (Xinhua) — Armenian Foreign Minister Ararat Mirzoyan met with U.S. Secretary of State Marco Rubio in Washington on Wednesday night. The two sides approved a joint statement on the U.S.-Armenia framework for the implementation of the Trump Roadmap for International Peace and Prosperity (TRIPP), the press service of the Armenian Foreign Ministry reported.
A. Mirzoyan and M. Rubio noted the active development of the strategic partnership between Armenia and the United States. Following the meeting, the parties noted that the joint statement on the framework program for implementing the TRIPP project is a new step toward fulfilling the commitments reached on August 8 of last year to promote lasting peace in the South Caucasus.
"The Framework Program defines a concrete path for the implementation of the TRIPP project, which is designed to ensure uninterrupted multimodal transit through Armenia. By connecting the mainland of Azerbaijan with the Nakhchivan Autonomous Republic and creating a crucial link in the Trans-Caspian trade route, the TRIPP project is expected to create mutual benefits in terms of international and domestic connectivity for the Republic of Armenia," the statement reads.
The TRIPP implementation framework is reported to reflect the importance of the principles approved last summer in Washington for the overall success of this project. These principles concern respect for sovereignty, territorial integrity, and reciprocity in the implementation of TRIPP, the ultimate goal of which is to strengthen the prosperity and security of Armenia and Azerbaijan, facilitate American trade by expanding regional trade and connectivity, and create new transit opportunities linking Central Asia and the Caspian Sea with Europe.
According to the framework program, a TRIPP development company will be created, with the United States holding a controlling stake and Armenia exercising substantive control. The company will be responsible for developing the project for a preliminary term of 49 years. Armenia intends to offer the United States a 74 percent stake in the company, retaining 26 percent. This partnership is expected to be extended for another 50 years, with an additional ownership stake granted to the Armenian government, bringing the Armenian stake to 49 percent.
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