The Ministry of Foreign Affairs of Armenia has published a framework document on the TRIPP project — "Trump's Path for International Peace and Prosperity." The document was agreed upon following negotiations between the Minister of Foreign Affairs of Armenia, Ararat Mirzoyan, and US Secretary of State Marco Rubio in Washington. It is of a political and strategic nature and does not create legally binding obligations, but it does record the key parameters and principles for the future implementation of a large-scale infrastructure initiative.
TRIPP is seen as a major project to launch a multimodal transit system through the territory of Armenia. It is assumed that the route will become an important part of the Trans-Caspian Trade Corridor, connecting Central Asia, the Caspian region and Europe. The stated goals include increasing regional security, economic development of Armenia and Azerbaijan, and expanding trade and logistics opportunities throughout the region.
It is planned to create a separate company to manage the project, in which the United States will receive 74% of the share at the first stage, and Armenia — 26%, with the possibility of increasing the Armenian share to 49% if the agreement is extended. A long-term development right model for a period of 49 years is being considered, with a possible extension of another 50 years. At the same time, the document emphasizes the preservation of Armenia's full sovereignty: security, customs and border control, taxation and law enforcement issues will remain within the exclusive competence of the Armenian state, and all transit routes will be under the physical control of national services.