TRIPP: extraordinary National Assembly sitting proposed for 12 November
- Published
- Place
- Yerevan, Armenia
- Event date
- Past event —
Summary
On 5 November the Armenian government proposed convening an extraordinary National Assembly sitting at 11:00 on 12 November to examine a legislative package linked to the company that would implement the TRIPP project (Trump Route for International Peace and Prosperity). Seven bills would be considered at first and second reading, with a fast-track procedure allowing the second reading within 24 hours of first-reading adoption. The package would create a permanent mechanism for companies set up under international treaties ratified by Armenia when the state holds a stake of 25% or more. It would amend, among others, the Law on Joint-Stock Companies, the Civil Code, procurement, competition and public–private partnership rules. Deputy Justice Minister Tigran Dadunts was appointed as the initiator’s representative.
Analysis
After the 28 October ratification of the Armenia–US framework agreement on TRIPP, Yerevan wants a legal frame for the future company quickly. The tight timetable underscores the priority given to the corridor and related investment. That framing helps readers place the day’s news in a longer arc, for the diaspora as well as for those who follow politics in Yerevan.
Possible consequences
If parliament accepts the sitting, the 12 November debate will open the way to setting up the TRIPP company in practice.
