Overview
- Leaders marking the first anniversary said the Joint Declaration signed at the Washington summit has held with no major incidents, a claim made public in statements and presidential readouts on August 8, 2026.
- The Trump Route for International Peace and Prosperity (TRIPP) is advancing with Azerbaijan’s highway and rail works reported near completion and engineering surveys for an Armenian railway already under way.
- The U.S. announced the Trans-Caspian Enterprise Fund is operational and capitalized with $201 million in government funding to attract private investment along the Trans-Caspian Trade Route.
- Commercial exchanges have begun between the two countries, including Azerbaijani petroleum exports to Armenia and the transit of cargo through Azerbaijan, showing early economic payoffs from restored connectivity.
- Key next steps include formal signing and ratification of the initialed peace agreement in some areas and the start of Armenian construction, outcomes that U.S. officials say will be needed to lock short-term gains into lasting stability and broader regional trade.