The government approved the ratification process of the TRIPPI between Armenia and the USA. The decision will be sent to the Constitutional Court.
16-07-2026 11:50 Armenia Politics
The process of ratifying the framework agreement on strategic cooperation between the Republic of Armenia and the United States regarding the TRIPP project is starting. This was announced today by Foreign Minister Ararat Mirzoyan during a government meeting, presenting the relevant draft decision. Upon the adoption of the decision, the draft will be sent to the Constitutional Court in the established manner.
«In the case of a decision by the Constitutional Court to record provisions in the international agreement that do not contradict the Constitution of the Republic of Armenia, the discussion will be transferred to the National Assembly in the established manner,» Mirzoyan noted.
According to the agreement, Armenia and the United States will establish the TRIPP Development Company. It will receive land use and development rights, which will be valid for an initial period of 49 years.
The shares will be distributed as follows: 74% will belong to the United States, and 26% to Armenia.
«After the expiration of this initial term of 49 years, there is an opportunity to extend the agreement and the term for another 50 years by mutual consent of the parties, and in this case, it will be ensured that Armenia has 49% of the company's shares,» Mirzoyan said.
According to Mirzoyan, Armenia will continue to be responsible for the following in accordance with its domestic legislation and international agreements:
Security and law enforcement activities,
Border control and border security,
Customs and migration control,
Transfer of taxes and duties to the state budget and operation of state information systems,
State administrative functions and oversight.
* This text was automatically translated by Artificial Intelligence (AI).
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