Azerbaijan and Armenia signed a U.S.-brokered peace agreement on Friday during a meeting with U.S. President Donald Trump that would boost bilateral economic ties after decades of conflict and move them toward a full normalization of relations.

Armenia said it would give the U.S. exclusive development rights to a transit corridor through its territory, which will be named the Trump Route for International Peace and Prosperity.

President Donald Trump hosted the leaders of Armenia and Azerbaijan at the White House on Friday, where they finalized a peace agreement that would grant the United States exclusive development access to a critical transit corridor in the South Caucasus,