The Peace Treaty is ready for signing,” an Armenian Foreign Ministry statement on Thursday said in announcing that Yerevan has accepted Baku’s latest proposals regarding the remaining contentious points of the language of a peace treaty between Armenia and Azerbaijan.

Baku and Yerevan have reached an agreement on the content of the peace treaty. The document consists of 17 points and is intended to serve as a foundation for the lasting renunciation of mutual claims and to settle the situation between the countries.

Armenia and Azerbaijan have been engaged in wars since the late 1980s when Nagorno-Karabakh, an enclave predominantly inhabited by Armenians, seceded from Azerbaijan