RA government adoptts bill ratifying Framework Agreement for  Implementation of TRIPP

ArmInfo. The Armenian government adopted a draft law ratifying the Framework Agreement on  Strategic Partnership for the Implementation of TRIPP (Trump Route  for International Peace and Prosperity). This decision was approved  at a government meeting on July 16.

Introducing the bill, Armenian Foreign Minister Ararat Mirzoyan  announced that, once adopted, it will be sent to the Constitutional  Court, after which it will be discussed by the National Assembly.

As part of the agreement, the minister recalled, the parties commit  to facilitating the development of transport infrastructure in the  South Caucasus, transport links, and regional and global trade, which  should contribute to strengthening peace and stability in the region,  as well as the development of states and peoples. "The entire  process, future activities, and this agreement are consistent with  and are being implemented with full respect and adherence to the  sovereignty, jurisdiction, and territorial integrity of the Republic  of Armenia," the Foreign Minister stated. He also added that, in  accordance with its domestic legislation and international  agreements, Armenia will continue to be responsible for security and  law enforcement; border control and border security; customs and  migration control; the transfer of taxes and duties to the state  budget; state information systems; and state administrative functions  and oversight.

With this agreement, the Foreign Minister noted, the United States  and Armenia will establish the TRIPP Development Company (TDC), which  can establish special-purpose companies in various zones of Armenia  to implement individual projects and attract other partners. The  TRIPP Development Company will receive construction and land use  rights, and this agreement will be in effect for 49 years.

According to Mirzoyan, the United States will receive a 74% stake in  the company, while Armenia will receive 26%. After this period, the  agreement will be extended for another 50 years with the consent of  the parties, during which time, he explained, Armenia's share will  increase to 49%. "If the term is extended, Armenia will not assume  any additional obligations or undertake any additional actions or  investments to increase this share to 49%," Mirzoyan explained.

To perform all these functions, work could be divided into  front-office and back-office operations, using private operators. He  noted that this practice is already in use in Armenia.

Mirzoyan also clarified some details about the TRIPP+ fund, which has  raised many questions among the public. According to him, this fund  was created to service the TDC and its purpose is to generate funds  for investments. As a reminder, yesterday the Guardian reported that  Chicago-based Russian investor Konstantin Sokolov would become  chairman of a new State Department fund managing more than $200  million earmarked for a Central Asian trade corridor, including  investments in transportation, energy infrastructure, and critical  minerals. According to a source, the State Department confirmed his  appointment on July 10.

"The TRIPP+ Fund, of which Sokolov is the founder and chairman, takes  its name from the Trump Route for International Peace and Prosperity,  a 27-mile trade corridor running through southern Armenia and  Azerbaijan. A State Department spokesperson stated that the $201  million fund is authorized to provide loans, equity investments, and  grants to promote strategic private sector development in the South  Caucasus and Central Asia, including Armenia, Azerbaijan, Georgia,  Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan,"  the Guardian continues.

As a reminder, on August 8, 2025, Armenian Prime Minister Nikol  Pashinyan and Azerbaijani President Ilham Aliyev signed a joint  seven-point "Declaration of Peace" in Washington. It envisages a  joint appeal to the Organization for Security and Cooperation in  Europe (OSCE) to terminate the OSCE Minsk Process and related  structures, as well as the creation of a transport corridor through  Armenian territory that would connect Azerbaijan with its Nakhichevan  exclave, surrounded by Armenia, Turkey, and Iran. On January 14,  2026, the Armenian Foreign Ministry published a framework document  signed with the American side in Washington for the implementation of  the Trump Route for International Peace and Prosperity (TRIPP).  The  12-page document presents the project's main objectives and  operational mechanisms. Among other things, the document emphasizes  Armenia's intention to sanction and support the establishment of the  TRIPP Development Company. The company is expected to be responsible  for the development of the TRIPP project, receiving an initial  development right for a period of 49 years.