BAKU, Azerbaijan, December 19. Trump Route for
International Peace and Prosperity (Trump Route), will boost
Azerbaijan’s exports and growth over time, said Fitch, Trend reports.
Fitch analysts recall that Azerbaijan and Armenia initialed the
text of the peace agreement in August 2025, with the aim of
achieving a full peace treaty over time. It envisages a road and
rail connection to Nakhchivan through Armenian territory as part of
the peace framework.
The rating agency analysts believe that a direct land connection
to Nakhchivan would allow Azerbaijan direct land access to Türkiye,
which could boost exports and growth over time.
“In October, Azerbaijan decided to allow transit of land cargo
to Armenia, further signaling reduced tensions. Reduced risks with
Armenia could result in a decline in defense spending, which would
reduce spending pressures in the medium term,” reads the latest
report issued by Fitch.
On August 8 in Washington, President of the Republic of
Azerbaijan Ilham Aliyev, US President Donald Trump, and Armenian
Prime Minister Nikol Pashinyan signed a joint declaration. One of
the points of the document provides for the launch of the “Trump
Route for International Peace and Prosperity” (TRIPP) to unblock
regional communications.
During the same meeting, Azerbaijani Foreign Minister Jeyhun
Bayramov and Armenian Foreign Minister Ararat Mirzoyan initialed
the draft “Agreement on the Establishment of Peace and Interstate
Relations between Azerbaijan and Armenia” and signed a joint letter
to the current OSCE Chairperson regarding the closure of the OSCE
Minsk process, the OSCE Chairperson’s personal representative for
the conflict discussed at the Minsk Conference, and the High-Level
Planning Group.