Phоtо credit: verelq.am
Energy sources from Central Asia, including Kazakhstan, could be transported through a transit route via southern Armenia as part of the TRIPP project
Political analyst Arman Gukasyan, director of “International Institute for Development of Communications” Humanitarian Foundation expressed such an opinion to Qazinform, adding that TRIPP is being considered a potentially important link in the Middle Corridor, The Caspian Post reports.
According to Gukasyan, both Kazakhstan and Armenia have already expressed interest in this route. He noted that this became possible thanks to the efforts of Kazakhstan’s President Kassym-Jomart Tokayev, who played a significant peacekeeping role in helping to resolve the conflict between Armenia and Azerbaijan.
“I believe Armenia is ready to consider various investment proposals, including the participation of other countries in developing the transit route through our territory. In turn, Kazakh investments can strengthen Armenia’s economic stability, given that both countries are members of the Eurasian Economic Union (EAEU) and enjoy strong, trust-based bilateral relations,” Gukasyan said.
Speaking about Armenia’s cooperation with the EAEU, the expert emphasized that economic indicators show steady positive growth, and that Armenia currently has no viable alternatives to this format of integration.
“Statistics confirm the close economic interconnection: up to 85% of Armenia agricultural products are exported to EAEU countries, including Kazakhstan. Armenia's total trade turnover with the EAEU in 2024 amounted to about $12-14 billion, while exports to the European Union reached only $2.1 billion - six times less. Diversification toward the EU in the near future seems unlikely for two reasons: the complex and costly logistics of supplying goods to European countries, and the lengthy process of adapting to EU standards, which could weaken Armenia’s economic performance,” he concluded.
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