As a result of nearly two years of negotiations, Armenia and Azerbaijan have managed to mostly agree upon about 80 percent of the text of the treaty on the establishment of peace and interstate relations. Armenian Prime Minister Nikol Pashinyan stated this during a joint press conference Monday after his private conversation with Georgian Prime Minister Irakli Kobakhidze, in the Georgian capital of Tbilisi.

"We [i.e. Armenia] have proposed to Azerbaijan to sign, in the nearest future, the provisions of the draft of that document and which have already been agreed upon, to establish diplomatic relations [with Armenia], and to continue discussions toward addressing all issues of mutual importance," said Pashinyan.

He emphasized that the unblocking and full operation of all economic infrastructures and channels is of key importance for the stability and economic development of the region—and which Armenia considers one of the priorities of its government.

"Our ideas about this are best reflected in the Crossroads of Peace project developed by the Armenian government, which I have presented to our international partners at the conference held in Tbilisi," the premier stressed.

According to him, there is a real historical opportunity to close the chapter of the conflict in the South Caucasus and establish lasting peace in the region.

"I am convinced also that the beneficiaries of this peace are not only Armenia and Azerbaijan, but also Georgia, Turkey, and Iran will benefit from it equally," Nikol Pashinyan added.