Bangladesh, Aug. 16 -- After decades of hostility and unresolved territorial disputes, the South Caucasus is witnessing a historic moment. The recent peace framework signed between Azerbaijan and Armenia in Washington marks a turning point for the region, potentially reshaping geopolitics, economics, and diplomatic relations. While the immediate beneficiaries are the signatory states, Turkiye stands out as one of the countries poised to gain the most from this breakthrough.

For over thirty years, the borders separating Azerbaijan and Armenia, as well as Turkiye and Armenia, have been largely closed, a symbol of entrenched mistrust and conflict. The signing of this peace framework, which commits both Yerevan and Baku to end hostilities, r...