BAKU, Azerbaijan, September 9. The Trump Route for International Peace and Prosperity, otherwise known as TRIPP, is a key aspect of the forthcoming peace agreement between Azerbaijan and Armenia, said Kenneth Angell, Managing Director of the U.S. International Development Finance Corporation (DFC), Trend reports.
He made the remark during a briefing following a visit by a U.S. business delegation to Baku.
Angell believes that there will be opened up more opportunities for the Middle Corridor.
"The whole purpose is to be able to get goods from the west, moving it to the east, and then likewise from the east to the west, so basically from Europe to China and back and forth. It opens up another avenue for goods to be able to travel," he explained.
Angell pointed out that on August 8th, there was an important milestone in the initial steps towards the peace agreement between Armenia and Azerbaijan.
"It was heralded by President Trump. And I think it's important. If you have peace, then from peace you can have economic development. Economic development then leads to prosperity. We just wanted to have an example of what happens when you open up and we establish peace, then we're able to go immediately into being able to promote investment. DFC is a financial tool of the U.S. government. The U.S. government has three financial tools. One of them is Exim Bank, another agency is the United States Trade Development Agency. Then the third area is investments, and that's where DFC comes in. The priority sectors are critical minerals, critical infrastructure, agriculture, and healthcare. For this particular mission, it is focusing on ports, transportation, and logistics. U.S. government is open in providing financial tools, either in the area of exports, in the area of feasibility studies, in the area of investments in Azerbaijan," he added.
Angell went on to add the moment it's still early days, but once the Trump route is open and operating, that U.S. companies will welcome the opportunity to be able to bid on the projects: "And we'll see which company can come up with the best proposal."