Armenia and Azerbaijan remain far from achieving peace despite the announcement of the completion of negotiations on a draft peace treaty, claims opposition Pativ Unem faction MP Tigran Abrahamyan.

Armenia's Foreign ministry said on Thursday that a draft peace agreement with Azerbaijan had been finalised from its side and that it was ready to discuss a date and location to sign a final deal. Armenia and Azerbaijan have fought a series of wars since the late 1980s,

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.

"Spain welcomes the news of the agreement between the Republic of Armenia and the Republic of Azerbaijan and hopes that this announcement will lead to the conclusion of a final agreement between the two countries. Spain reaffirms its commitment to peace and stability in the South Caucasus," the Spanish Foreign Ministry said in a statement.

Armenia and Azerbaijan will not deploy third-country forces along their border after the two sides sign a peace agreement, Armenian Prime Minister Nikol Pashinyan said on Thursday.

The foreign ministries of a number of countries welcomed the finalizing of the negotiations around the peace treaty by Armenia and Azerbaijan. <br />

Azerbaijan and Armenia said Thursday that they had wrapped up talks aimed at resolving the Caucasus neighbours' decades-long conflict, with both sides agreeing on the text of a possible treaty. Both Armenia and Azerbaijan have repeatedly said a comprehensive peace deal to end their long-standing conflict is within reach,

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

Armenia and Azerbaijan have fought a series of wars since the late 1980s, when Nagorno-Karabakh, a region in Azerbaijan that had a mostly Armenian population at the time, broke away from Baku with Yerevan's support.