YEREVAN—The Azerbaijani Ministry of Foreign Affairs (MFA) announced on March 13 the completion of negotiations on the draft treaty between Azerbaijan and Armenia. According to the MFA, Armenia and Azerbaijan have agreed on the non-deployment of third-party forces along the border and the withdrawal of legal claims from international courts.

A day after arch-foes Armenia and Azerbaijan announced they were ready to sign a long-awaited peace treaty, scepticism ran high Friday among Yerevan residents, while cautious optimism prevailed in Baku.

Representatives of Armenia and Azerbaijan have concluded negotiations and agreed on the text of a peace agreement, the foreign ministries of both countries announced.

Officials in Yerevan and Baku said earlier they had agreed the text of a peace agreement to end more than three decades of conflict between their countries, a sudden breakthrough in a fitful and often bitter peace process.

"Armenia has accepted Azerbaijan's proposals on the two previously unresolved articles of the peace treaty," he said. Armenia's foreign ministry later confirmed that in a statement, saying "negotiations on the draft agreement have been concluded" and "the Peace Agreement is ready for signing".

Armenian Prime Minister Nikol Pashinyan and Russian President Vladimir Putin speak at a summit of leaders of nations, which are members of the Commonwealth of Independent States (CIS), at the Kremlin in Moscow,

But hurdles remain. Azerbaijan also said Armenia’s constitution must “eliminate the claims against the sovereignty and territorial integrity of Azerbaijan,” as a prerequisite to allow for the signing of the peace treaty.