Baku: Peace between Azerbaijan and Armenia will improve economic development in the region and bring stability and security, former President of the European Council Charles Michel told journalists, APA reports. He noted that deciding on the peace agreement was an extremely courageous step: 'I strongly support all efforts being made to strengthen this peace agreement. Because I think this agreement will be a very strong foundation for the development of connections in the region, will improve economic development in the region, and will increase people's welfare thanks to greater stability and security, as well as enable the implementation of projects.'

According to Azeri-Press News Agency, Michel emphasized the significance of the peace agreement as a cornerstone for regional cooperation and development. The agreement is expected to open new avenues for economic activities, enhancing the quality of life for residents by fostering a more secure and stable environment. Michel's comments underscore the broader geopolitical benefits of reconciliation between the two nations, which have a history of conflict.

The peace agreement is anticipated to facilitate various infrastructure projects and cross-border collaborations, which could significantly impact the economic landscape. Michel's remarks highlight the potential for increased regional connectivity and prosperity, a vision shared by leaders committed to peace and progress in the area. The former European Council President's endorsement of the agreement reflects the international community's hope for sustained peace and development in the South Caucasus region.