Armenia and Azerbaijan have been locked in conflict for decades, largely over the contested Nagorno-Karabakh region.
Senior administration officials told the countries will also sign a joint declaration creating the "Trump Route for International Peace and Prosperity" (TRIPP), which an official said will unlock the potential for the flow of "trade, transit and energy" in the region.
The route will link Azerbaijan to the Nakhchivan Autonomous Republic across Armenian land.
The nations will also sign a letter requesting the Organization for Security and Cooperation in Europe (OSCE) dissolve the Minsk Group -- an effort by Russia, the U.S. and France to find a solution to the conflict over the Nagorno-Karabakh region.
This deal has implications that are farther reaching than just Azerbaijan and Armenia -- it represents a greater American participation in a former Soviet region, sending a message to Russia and Iran. The growth of American commercial and diplomatic presence will diminish Russia's influence in the South Caucasus region.
