Trump-Backed Trade Corridor Moves Closer to Reality in Armenia

The Armenian government approved a bill on July 16 to formalize the country’s role in the development of the Trump Route for International Peace and Prosperity, or TRIPP, which is envisioned as a key node in the emerging Middle Corridor trade network. The bill affirms the development guidelines specified in a framework agreement signed by US and Armenian officials covering TRIPP, including operational and ownership structures. The United States is envisioned as holding a 74 percent stake in TRIPP, with the Armenian government retaining…