It is located within the premises of the Rectorate of Trakya University, in the Karaağaç district of Edirne. Trakya University, the Edirne Governorship, and other institutions made significant efforts in the erection of the monument.

The monument symbolizes the return of Karaağaç to Turkish territory through the Treaty of Lausanne and represents the diplomatic victory achieved with the signing of the Treaty. Next to the monument stands the Lausanne Museum. In memory of the Treaty of Lausanne and the regaining of Karaağaç through this treaty, the foundation of the Lausanne Monument was laid on March 29, 1998, under the leadership of Trakya University and Edirne Municipality. It was inaugurated for visitors on July 19, 1998, by the then President Süleyman Demirel.

The Lausanne Monument consists of three tall columns. The first column, 36.45 meters high, symbolizes Anatolia; the second, 31.95 meters high, represents Thrace; and the third, 17.45 meters high, stands for Karaağaç. The concrete circle represents unity; the young girl figure symbolizes aesthetics, grace, and law; the dove in her hand stands for peace and democracy; and the document in her other hand represents the Treaty of Lausanne.

The Lausanne Museum, located next to the monument, is open to visitors at all hours of the day. In recent years, the Lausanne Monument has become one of the most visited landmarks of Edirne, serving as a summary of our War of Independence and a symbol of our pride and our call for peace.