Armenia has officially approved joining the Ashgabat Agreement, aiming to enhance its regional transit role and secure broader access to international markets through a key transport and transit corridor spanning Central and South Asia.

At its Cabinet meeting on Thursday, the Armenian government approved the country’s accession to the Ashgabat Agreement - an international transport and transit corridor that includes Iran, Oman, Qatar, Turkmenistan, and Uzbekistan.

According to the government’s official statement, joining the agreement will establish reliable conditions for the movement of cargo and passengers through the territories of member states, support multimodal transport, reduce transport costs, and increase Armenia’s role as a regional transit hub. It is also expected to enhance transport safety and create equal opportunities for transport operators among signatory countries.

Armenia’s accession will also streamline customs procedures and harmonize transit documentation, enabling the country to benefit from more efficient access to international markets via this corridor.

Moreover, the agreement will allow Armenia to coordinate logistics involving multiple modes of transport among member countries.

The Armenian government emphasized that the Ashgabat Agreement aligns with the objectives of the "Crossroads of Peace" project, which envisions Armenia as a link between regional transport routes.

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