Armenian government approved a bill ratifying the TRIPP agreement with the United States
16.07.2026,
11:30
At a meeting on Thursday, the Armenian government approved a bill ratifying the framework agreement with the United States on strategic cooperation under the Trump Route for International Peace and Prosperity (TRIPP) project.
YEREVAN, July 16. /ARKA/. At a meeting on Thursday, the Armenian government approved a bill ratifying the framework agreement with the United States on strategic cooperation under the Trump Route for International Peace and Prosperity (TRIPP) project.
The agreement was initialed (signed) by the U.S. Secretary of State in Washington on June 1, 2026, and by the Armenian Minister of Foreign Affairs in Yerevan on June 4, 2026.
As noted in the draft law's rationale, its adoption will ensure the completion of the domestic procedures necessary for the agreement to enter into force.
The bill was developed by the Armenian Ministry of Foreign Affairs as part of the government's policy of developing relations with the United States.
At the same time, the government has provided for an appeal to the Constitutional Court to determine the conformity of the obligations enshrined in the agreement with the Constitution of Armenia.
If the Constitutional Court rules positively, the bill will be submitted to the National Assembly for consideration in accordance with the established procedure.
Armenian Deputy Foreign Minister Vahan Kostanyan has been appointed the government's representative to the Constitutional Court.
About the TRIPP Project
On June 4, the Armenian Foreign Ministry announced the signing of the TRIPP framework agreement between Armenia and the United States, initialed on May 26 during the visit of the US Secretary of State to Yerevan.
A day earlier, the Board of Directors of the US International Development Finance Corporation (DFC) approved the creation of the TRIPP Development Company, a US-Armenia joint venture (one of four projects in DFC's $2.5 billion new strategic investment package).
The TRIPP Development Company is designed to support trade, transport, and economic development in the Caucasus region, as well as expand international, interstate, and domestic transportation connectivity.
Previously, Armenian authorities announced that the TRIPP Development Company would receive an initial 49-year right to implement the project. The US plans to offer 74% of the joint venture's shares, while Armenia will retain 26%. If the agreement is extended for another 50 years, the ratio of shares is expected to change.
The agreement was initialed (signed) by the U.S. Secretary of State in Washington on June 1, 2026, and by the Armenian Minister of Foreign Affairs in Yerevan on June 4, 2026.
As noted in the draft law's rationale, its adoption will ensure the completion of the domestic procedures necessary for the agreement to enter into force.
The bill was developed by the Armenian Ministry of Foreign Affairs as part of the government's policy of developing relations with the United States.
At the same time, the government has provided for an appeal to the Constitutional Court to determine the conformity of the obligations enshrined in the agreement with the Constitution of Armenia.
If the Constitutional Court rules positively, the bill will be submitted to the National Assembly for consideration in accordance with the established procedure.
Armenian Deputy Foreign Minister Vahan Kostanyan has been appointed the government's representative to the Constitutional Court.
About the TRIPP Project
On June 4, the Armenian Foreign Ministry announced the signing of the TRIPP framework agreement between Armenia and the United States, initialed on May 26 during the visit of the US Secretary of State to Yerevan.
A day earlier, the Board of Directors of the US International Development Finance Corporation (DFC) approved the creation of the TRIPP Development Company, a US-Armenia joint venture (one of four projects in DFC's $2.5 billion new strategic investment package).
The TRIPP Development Company is designed to support trade, transport, and economic development in the Caucasus region, as well as expand international, interstate, and domestic transportation connectivity.
Previously, Armenian authorities announced that the TRIPP Development Company would receive an initial 49-year right to implement the project. The US plans to offer 74% of the joint venture's shares, while Armenia will retain 26%. If the agreement is extended for another 50 years, the ratio of shares is expected to change.
