In a significant development, US President Joseph Biden addressed a letter to participants of the opening ceremony of the 29th International Caspian Oil and Gas Exhibition and the 12th Caspian International Energy and Green Energy Exhibition, held at the Baku Expo Center as part of the Baku Energy Week. The letter highlighted the transformative potential of peace between Azerbaijan and Armenia in reshaping the fate of the South Caucasus region.

Expert analysis suggests that the restoration of trade relations between Armenia and Azerbaijan could play a pivotal role in fostering reconciliation between the two nations. In his interview with Ednews, a prominent commentator, Neil Watson emphasized the importance of trade as a catalyst for building trust and understanding, particularly in post-conflict regions like the South Caucasus.

Watson highlighted President Biden's recognition of trade as a key tool for regional stability, citing the increasing trade ties between Armenia and Azerbaijan, notably in the electricity sector, following the conclusion of the second Karabakh war. He pointed to historical cooperation between Azerbaijanis and Armenians during the Soviet era and the Russian Empire, emphasizing the need to revive such relations on a human level.

The expert noted a shift in regional dynamics, with Russia withdrawing support for Armenia under the Pashinyan administration and removing its peacekeeping troops from Azerbaijani territory. This, coupled with Azerbaijan's growing economic dominance in the South Caucasus, presents an opportune moment for both countries to engage in trade discussions.

However, Watson acknowledged the challenges ahead, including opposition from the Armenian diaspora and individuals with deep-seated grievances. Overcoming decades of propaganda and mistrust will be essential for rebuilding relations.

Despite these obstacles, the expert remains optimistic about the potential of increased trade between Armenia and Azerbaijan to pave the way for mutual benefit and facilitate post-war reconciliation. The analysis concludes with a hopeful outlook for the future of Armenia-Azerbaijan relations, highlighting trade as a catalyst for positive change.