Armenia’s government has approved a draft law to begin ratifying the Framework Agreement on Strategic Cooperation with the United States concerning the Trump Route for International Peace and Prosperity (TRIPP) project, Armenpress reports.
Presenting the draft at a government meeting, Foreign Minister Ararat Mirzoyan said the decision marks the start of the ratification process. The agreement will first be reviewed by Armenia’s Constitutional Court before being submitted to the National Assembly if it is found to comply with the country’s constitution.
Mirzoyan noted that the framework agreement was initialed in Yerevan in May 2026 and later signed in Washington and Yerevan in early June. He stressed that the staggered signing process complies with international practice and Armenian legislation.
The foreign minister said the agreement builds on two earlier documents: the August 8, 2025 declaration signed by Armenian Prime Minister Nikol Pashinyan and Azerbaijani President Ilham Aliyev in the presence of US President Donald Trump, and the TRIPP implementation framework signed by Armenia and the United States in January 2026.
Mirzoyan said the agreement is fully consistent with those earlier documents and dismissed speculation that it introduced new provisions contradicting previously announced principles.
The framework agreement aims to strengthen peace, stability, and economic development in the South Caucasus by expanding transportation links, infrastructure, and regional and international trade.
Under the agreement, Armenia and the United States will establish the TRIPP Development Company, which will oversee the implementation of projects and may create subsidiary companies and involve additional partners.
Mirzoyan emphasized that all activities under the project will be carried out with full respect for Armenia’s sovereignty, territorial integrity, and jurisdiction.
The agreement grants the TRIPP Development Company land-use and development rights in designated areas for an initial period of 49 years. During that time, the United States will hold a 74% stake in the company, while Armenia will own 26%.
If both sides agree to extend the partnership for another 50 years, Armenia’s share would automatically increase to 49% without requiring additional investment or obligations, Mirzoyan said.
He also stressed that Armenia will retain full authority over border security, customs, migration control, law enforcement, taxation, and other state functions. While some operational responsibilities could be carried out by private operators under a “front office-back office” model, the government would continue to exercise overall control, Mirzoyan added.
