Armenia proposes 12 November 2026 session on Trump Route company legislation

Company terms

Parliament approved the TRIPP declaration on 28 October 2026 by 63 votes to 32, the Jerusalem Post reported. The declaration is not a treaty; the separate 17-article peace agreement remains unsigned. The 12 November 2026 session would consider legislation facilitating the establishment of the joint Armenian-American company responsible for implementing the project.

The Jerusalem Post reported that the published agreement gives the American side a 74% stake and Armenia 26% in a development company incorporated in Armenia. The US International Development Finance Corporation, a government agency, is to wholly own the American shareholder. The company would have a role in selecting contractors and operators.

The text provides for certain exceptions to Armenian legislation and recognises Armenia's sovereignty and jurisdiction over the project area. Opposition lawmakers voted against the 28 October approval, citing concerns over Armenian sovereignty, relations with Iran and growing dependence on Washington, the Jerusalem Post reported.

What the route is

TRIPP would act as a transport link from mainland Azerbaijan to its Nakhchivan exclave through southern Armenia, near the Iranian border. The Washington Declaration, a joint declaration signed on 8 August 2025, set out the connectivity framework and is not a treaty. The separate Agreement on Establishment of Peace and Interstate Relations was initialled the same day and remains unsigned.

RAND said the August 2025 peace agreement has the potential to open trade and transport routes from Asia to Europe that bypass both Russia and Iran. Many key operational details remain unsettled, including the US role in ensuring the route's security, customs rules for Azerbaijani goods and construction financing, according to Eurasianet, which reported that Armenian officials have sought additional investors this year without firm commitments.

In an 8 August 2026 statement, US Secretary of State Marco Rubio said surveying had begun for a railway through Armenian territory and cited the establishment of a Trans-Caspian Enterprise Fund with $201 million in initial capital, Eurasianet reported.

Treaty still unsigned

The 17-article Agreement on Establishment of Peace and Interstate Relations was finalized five months before the Washington summit, EVN Report said. Foreign Minister Ararat Mirzoyan told a joint session of National Assembly committees on 5 November 2026 that Armenia's commitment is to make signing possible as soon as possible, followed by ratification.

Baku says it will not sign until Armenia removes from its constitution what Azerbaijan calls claims to Azerbaijani territory. Armenia is preparing constitutional changes, but a referendum slated for 2027 must approve them. Pashinyan secured a convincing victory in June 2026 parliamentary election, but his Civil Contract party failed to obtain a two-thirds majority of parliamentary seats, Eurasianet reported. No signing date has been set.

Mirzoyan also said Azerbaijani cargo will use Armenia's territory for transit.