EU and Republic of Angola launch negotiations for a first-ever Sustainable Investment Facilitation Agreement

oday, the European Commission and the Republic of Angola kicked off negotiations for a Sustainable Investment Facilitation Agreement. This is the first round of the first-ever bilateral agreement on investment facilitation that the EU is negotiating. The agreement will be based on good governance and cooperation, and will focus on achieving a number of goals, including investment facilitation, encouraging e-government, enhancing public-private dialogue, promoting sustainable development, or contributing to Angola’s economic diversification. Executive Vice-President and Commissioner for Trade, Valdis Dombrovskis, said: “Launching negotiations with Angola shows that we are deepening our engagement with African countries – a key pledge of the new EU trade strategy launched in February 2021. Africa is our nearest neighbour and we should develop our partnership of equals. This new form of investment agreement will promote sustainable and responsible investment, which will diversify and improve the resilience of our economies, and support our climate and energy transformations. I also welcome Angola’s interest in joining the Economic Partnership Agreement between the EU and the Southern African Development Community. Building closer ties between us will support our mutual stability and prosperity.” The agreement contributes to the EU’s broader strategy to step up its engagement with African partners to unlock their economic potential, foster economic diversification, and promote inclusive growth. More information is available in our press release.