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Armenia’s Constitutional Court issued a ruling on September 16 declaring that the country’s obligations under the Armenia-U.S. TRIPP framework are in compliance with the national Constitution.
Following the court’s decision, the agreement is scheduled to move to the National Assembly for the ratification process.
The proposed Armenia-U.S. framework outlines the establishment of the TRIPP Development Company. According to the agreement, the company is structured to include a 74 percent controlling stake held by U.S. interests, with the remaining 26 percent stake held by Armenia.
Article and image source: armenianweekly.com
