The proposed permanent framework would cover companies created to implement treaties ratified by Armenia in which the state holds at least 25%. Parliament has not yet passed the package.
Armenia’s Cabinet approved a proposal on 5 November for an extraordinary National Assembly sitting at 11:00 Yerevan time on 12 November to consider seven bills linked to the TRIPP project. The government wants the package considered in both its first and second readings; the sitting and the bills remain proposals.
The initiative follows parliament’s separate ratification on 28 October of the Armenia–United States framework agreement on the Trump Route for International Peace and Prosperity, or TRIPP. The agreement was signed in June 2026.
The bills would create a permanent mechanism for companies that meet all three conditions: they are established under international treaties ratified by Armenia, they are formed to implement those treaties, and the Armenian state owns at least 25% of them.
Foreign Affairs and International Trade Minister Ararat Mirzoyan said the project envisages reopening regional communications, connecting Armenia to third countries through Azerbaijan and providing domestic railway links. Azerbaijan would gain a connection to Nakhchivan through Armenian territory. During the parliamentary debate on 27 October, he said planned infrastructure on Armenian territory would operate under Armenia’s sovereignty and jurisdiction.
The agreement provides for a TRIPP Development Company owned 26% by Armenia and 74% by the US side, for an initial term of 49 years. If both parties agree to extend cooperation for another 50 years, Armenia’s stake would rise to 49% and the US stake would become 51%.
Mirzoyan said the American co-founder company would remain under US government ownership and management. He also said on 27 October that the implementing company’s charter and shareholders’ agreement still needed to be negotiated and adopted.
The government’s explanatory note says work to establish the implementing company will begin following ratification and that changes to the Law on Joint-Stock Companies and related legislation are needed to do so in line with the agreement, Armenpress said. The package also covers the Civil Code, the laws on Procurement, Economic Competition and the Protection of Consumer Interests, Public–Private Partnership and Bankruptcy, and the Bankruptcy Code.
The Cabinet proposes a second reading within 24 hours of adoption at first reading, with 3 hours each for written proposals and for the lead committee’s opinion. Deputy Justice Minister Tigran Dadunts has been appointed to represent the initiator of the proposed sitting. Parliament must still consider the package before it can become law.
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