Secretary-General UN Ban Ki-moon welcomed signing of two protocols paving the way towards normalizing ties between Armenia and Turkey, voicing hope that the move will contribute to peace, security and stability in the South Caucasus region.

"This historic decision constitutes a milestone toward the establishment of good neighborly relations and the development of bilateral cooperation between both countries," Mr. Ban said in a statement issued by his spokesperson.

He also expressed hope that both protocols will be ratified quickly by the parliaments of Armenia and Turkey to "ensure full normalization of their bilateral relations.