Armenian Prime Minister Nikol Pashinyan announced on Monday that a joint venture between Armenian and U.S. entities will manage the Trump Route for International Peace and Prosperity (TRIPP) project on Armenian territory. The venture, which will be responsible for **business management** of the **Trump Route**, will not have control over the **road** itself. The agreement was reached during a **diplomatic meeting** between Pashinyan and U.S. officials in Washington, D.C., where both sides expressed support for **economic development** and **international cooperation**.
The TRIPP project, which aims to promote **peace** and **prosperity** through **infrastructure development** and **trade**, has faced **international scrutiny** over its **political implications**. Pashinyan emphasized that the **Armenian government** remains **neutral** in the matter and is focused on **economic cooperation** with foreign partners. He also clarified that the **Armenian government** retains **sovereignty** over the **territory** and will ensure that the **foreign involvement** in the project is **transparent** and **beneficial** to the **Armenian economy**.
Industry experts have noted that the **joint venture** could bring **significant investment** to the **region**, although there are concerns about **political tensions** in the area. The **U.S. government** has also expressed **interest** in **economic partnerships** with **Armenia**, and this agreement is seen as a **positive development** for **diplomatic relations** between the two countries.