DAVOS — Armenian Prime Minister Nikol Pashinyan attended the ceremo- nial signing of the Charter of the Peace Council in Davos within the frame- work of the World Economic Forum, at the invitation of U.S. President Don- ald Trump. Armenia participated as a founding member of the newly estab- lished body. President of Armenia Vahagn Kha- chaturyan and Minister of Foreign Af- fairs Ararat Mirzoyan were also pres- ent at the event. Heads of delegations from Ar- menia, the United States, Argentina, Azerbaijan, Bahrain, Belgium, Bul- garia, Egypt, Hungary, Indonesia, Jor- dan, Kazakhstan, Kosovo, Morocco, Pakistan, Qatar, Paraguay, Saudi Ara- bia, Turkey, the United Arab Emirates, Uzbekistan, and Israel took part in the ceremony. During the event, represen- tatives of the participating countries signed the Peace Council Charter in the presence of President Trump. In his remarks, President Trump thanked the participating states for joining the initiative and for their pres- ence at the signing ceremony. Meanwhile, Armenia’s Ministry of Foreign Affairs clarified that the coun- try will not pay a $1 billion fee to join the Peace Council. Responding to an inquiry from Factor.am, MFA spokes- person Ani Badalyan explained the terms of Armenia’s membership. According to Badalyan, the Peace Council Charter предусматривает voluntary financial contributions. Countries invited by U.S. President Trump may join the Council without a fixed membership fee for an initial period of up to three years, after which the terms are subject to review. “The Government of the Republic of Armenia has approved membership in the Peace Council on this basis,” Badalyan stated. “The membership fee referenced is voluntary and would ap- ply only if a country expresses a de- sire for permanent membership within one year after the Charter enters into force.”She emphasized that Armenia’s participation is in line with these pro- visions and does not involve any man- datory financial obligation.