Armenia-Azerbaijan cooperation in economy sector may promote political solutions, according to Deputy Foreign Minister of Armenia.

As Arman Kirakossian stressed at Yerevan-hosted international conference, titled CSTO and South Caucasus: Prospects of Peace and Security in the Region, establishment of trust between the Armenian and Azerbaijani societies would promote Karabakh conflict settlement.

One of the currently negotiated principles, according to Kirakossian, is extending of the intermediate status to Karabakh before organizing a referendum and determining the republic’s final status.

“The issue of Karabakh status is an important one. To Armenia and the international community, the issue is solved de facto. It now has to be formalized de jure,” the Deputy Foreign Minister of Armenia stressed.