February 5, 2023

Volume XIII, Number 36

Error message

  • Warning: Undefined variable $settings in include_once() (line 135 of /var/www/html/docroot/sites/default/settings.php).
  • Warning: Trying to access array offset on value of type null in include_once() (line 135 of /var/www/html/docroot/sites/default/settings.php).
Advertisement

February 03, 2023

Subscribe to Latest Legal News and Analysis

February 02, 2023

Subscribe to Latest Legal News and Analysis
Advertisement

EU and Angola Conclude a Sustainable Investment Facilitation Agreement

On November 18, 2022, the European Commission announced the conclusion of negotiations between the European Union (EU) and the Republic of Angola on a Sustainable Investment Facilitation Agreement (SIFA). 

In its press release, the Commission states: 

"The EU is pursuing such agreements to promote sustainable investments in its engagement with African partners. The EU-Angola SIFA will make it easier to attract and expand investments while integrating environment and labour rights commitments in the EU-Angola relationship. The EU is committed to boosting sustainability in its trade policy, as set out in its new trade strategy.”

The SIFA will make investments easier by: 

  • Enhancing transparency and predictability of investment-related measures, such as publishing all investment laws and conditions and promoting the use of single information portals for investors;

  • Simplifying investment authorization procedures and fostering e-government; and

  • Facilitating interactions between investors and the administration, establishing focal points and stakeholder consultations.  

The SIFA will make investments more sustainable by:

  • Promoting sustainable development, including commitments to effectively implement international labor and environmental agreements, such as the Paris Agreement;

  • Promoting responsible business conduct through the uptake of international standards in companies;

  • Strengthening bilateral cooperation on investment-related aspects of climate change and gender equality policies; and,

  • Ensuring dialogue with civil society on the implementation of the agreement.

What remains to be seen is whether such an innovative agreement will provide meaningful benefits, especially to the less developed partner.    

Now that negotiations have concluded, the agreement will be legally revised by the EU and Angola, translated into all EU languages, and then proposed for signature and adoption under the respective procedures of both parties.

© 2023 ArentFox Schiff LLPNational Law Review, Volume XII, Number 333
Advertisement
Advertisement
Advertisement

About this Author

Timothy J. Feighery Attorney Arbitration ArentFox Schiff Washington DC
International Arbitration & Dispute Resolution Practice Co-Leader

Tim is a partner in our Washington, DC office and co-leader of the firm’s International Arbitration & Dispute Resolution practice.

Tim’s practice focuses on international arbitration, international claims, and dispute resolution work, including the representation of sovereign states, investors, and private parties in international commercial transactions. Current active matters include: representation of US investors in investment dispute brought under the US-Colombia Trade Promotion Agreement; representation of Sovereign in two separate...

202-857-6085
Lee Caplan Arbitration Attorney ArentFox Schiff Washington DC
International Arbitration & Dispute Resolution Practice Co-Leader

Lee is a partner in our Washington, DC office and co-leader of the firm’s International Arbitration & Dispute Resolution practice.

Lee counsels private and sovereign clients in a wide range of matters involving international dispute resolution, public international law, and international investment law and policy. He regularly appears before international tribunals in connection with complex and high-value disputes arising out of concession agreements, investment treaties, and other international agreements. Lee's experience spans a range of...

202-857-6337
Jodi Tai Corporate Litigation Lawwyer ArentFox Schiff Law Firm San Francisco
Associate

Jodi is an Associate at ArentFox Schiff based in the San Francisco office, where she represents companies and individuals in various business, commercial, and litigation matters.

Prior to joining ArentFox Schiff, Jodi was a law clerk at the San Francisco District Attorney’s Office where she assisted in the prosecution of child abuse and sexual assault crimes. During law school, she mediated small claims and civil harassment within the Los Angeles Superior Court System as a member of the USC Gould Mediation Clinic. She was also part of USC’s...

415.805.7993
Advertisement
Advertisement
Advertisement