European Council President António Costa stated that the peace agreement between Armenia and Azerbaijan has opened new opportunities for the wider region. He emphasized that progress in the peace process is crucial for the full development of the Trans-Caspian International Transport Route, also known as the Middle Corridor, which connects Asia and Europe via the Black Sea.
“Peace between Armenia and Azerbaijan also opens up new opportunities. It creates major prospects for the full development of the Trans-Caspian route, which links Asia and Europe and leads to the Black Sea,” Costa said, as reported by Auroranews.am.
He also underlined Kazakhstan’s key role in ensuring Europe’s economic security. According to Costa, the European Union continues to invest heavily in renewable energy as well as in diversifying traditional energy supply routes.
On August 8, during a trilateral meeting at the White House between Armenian Prime Minister Nikol Pashinyan, U.S. President Donald Trump, and Azerbaijani President Ilham Aliyev, a joint declaration was signed on the outcomes of the talks. In Washington, Armenian Foreign Minister Ararat Mirzoyan and Azerbaijani Foreign Minister Jeyhun Bayramov, in the presence of the leaders, initialed an agreement titled “On the Establishment of Peace and Interstate Relations between the Republic of Armenia and the Republic of Azerbaijan.”
