Both U.S. and Armenia have approved a joint statement on the Trump Route for International Peace and Prosperity implementation framework, known as TRIPP, following talks in Washington between Armenian Foreign Minister Ararat Mirzoyan and U.S. Secretary of State Marco Rubio on Tuesday.
U.S. officials say Washington plans to provide Yerevan with $145 million to help finance the project, in which the United States would hold a 74% stake in it.
Rubio described the project as a potential global model for promoting economic growth and prosperity in the region.
Within the framework, Armenia will involve private operators in implementing the TRIPP, also known as the Zangezur route, while the U.S. will provide technical support on customs and inspections, under the new agreement that preserves Armenia’s full sovereignty over border and customs controls.
The TRIPP is a 42 km long transit route between Azerbaijan and its exclave Nakhchivan in the south of Armenia.
Previously, U.S. President Donald Trump, Azerbaijani President Ilham Aliyev and Armenian Prime Minister Nikol Pashinyan signed a declaration in Washington on 8 August last year, which said that Armenia would work with the U.S. to created a framework for how the project will be managed. It'll consist of motorway, railway and oil and gas infrastructure facilities.
According to Tuesday's joint statement, border management will operate under the international “front office–back office” model, with Armenian authorities retaining control over all sovereign functions. Private operators will be limited to non-sovereign roles and will work under Armenian law.
Armenia plans to launch pilot projects aimed at streamlining pre-clearance customs procedures, digitising documentation and introducing a “single checkpoint” system to facilitate trade and transit.
Private companies contracted by the TRIPP Development Company will provide services such as collecting documentation for review, offering user information and consultations, and processing payments linked to trade and transit.
Armenian officials will maintain a physical presence at all border and customs facilities.
Any private personnel involved in operational security will be required to hold licences issued in Armenia, the statement said.
The initiative is designed to strengthen regional connectivity and trade across the South Caucasus, while keeping border control and customs authority firmly under Armenian state oversight.
U.S. President Donald Trump has called for Iran to pay compensation for decades of deaths and damage, adding a new demand to peace talks as Tehran see...
Kyrgyzstan has proposed hosting part of Russian e-commerce giant Wildberries’ warehouse and logistics network, aiming to reduce supply-chain risks a...
North Korea has deployed troops, weapons and now, according to a Ukrainian intelligence official, a missile unit to support Russia's war against Ukrai...
One hundred years after the First World War and more than eighty years after the devastation of the Second World War gave rise to the United Nations, humanity once again finds itself living in an age of permanent crisis.
Flights arriving at Catania airport in eastern Sicily were suspended after volcanic ash from a new eruption of Mount Etna drifted into the airspace around the airport, disrupting operations at one of Italy’s busiest aviation hubs.
For months, efforts to secure the Red Sea have focused on what is happening in the water. Naval deployments have increased, governments have expanded maritime cooperation and shipping companies have adapted to persistent security threats.
Greenland has issued a “strong warning” to a U.S. oil company linked to President Donald Trump after drilling equipment was brought ashore without the required government approvals, according to British media.
Iran said it was nearing a final pact with Oman defining new shipping lanes between them through the Strait of Hormuz but repeated that the U.S. must meet other conditions.
Kazakhstan has begun building the Beineu-Saksaulsk highway, a new Middle Corridor link expected to shorten freight journeys between China and Europe by around 1,000 kilometres and reduce delivery times by up to three days.
Russia has welcomed what it describes as a shift in Georgia’s approach to the August 2008 war, praising statements that place responsibility for the conflict on former President Mikheil Saakashvili and his government.
Uzbekistan has secured preferential tariffs for fertiliser and petroleum product shipments through Kazakhstan’s Kuryk port to Georgian ports, as Uzbek cargo volumes across the Caspian continue to rise.
Police in eastern India used tear gas, batons and water cannon on Monday to disperse thousands of young protesters marching on the Jharkhand state legislature over alleged irregularities in civil service examinations.
Rising temperatures are threatening Georgia’s farms, energy supply and banking sector, with experts warning that the country has a narrow window to prepare before the economic costs grow significantly.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment