EU-Angola: Council gives final greenlight to the EU’s first sustainable investment facilitation agreement

On 4th March, the European Council adopted a decision on the conclusion of the Sustainable Investment Facilitation Agreement (SIFA) between the European Union and Angola. This agreement will make it easier to attract and expand investments while integrating environment and labour rights commitments in the EU-Angola relationship.

This is the first agreement on sustainable investment facilitation that the EU ever negotiated.

Angola’s economy is currently based on its abundant raw materials and energy resources. Thanks to this agreement, Angola will be able to diversify its economic model and improve the investment climate for foreign and local investors.

More information here.