Ver Angola

Economy

Angola and EU start negotiations of an agreement to facilitate investment

The European Union (EU) and Angola started the first round of negotiations to reach an agreement on investment facilitation, the first agreement of this type to be negotiated by the EU, announced the European Commission.

:

After the Portuguese presidency of the EU Council announced, on 26 May, that a decision had been taken with a view to opening negotiations on the agreement in question, the community executive announced that the first was taking place, by videoconference. round of negotiations between the two parties.

According to the European Commission, the agreement will be based on "good governance" and "cooperation", and aims to "facilitate investments by improving the transparency and predictability of investment measures", but also "to help small and medium-sized enterprises that they find. difficulties in investing abroad".

Furthermore, both the EU and Angola want to "simplify procedures", "improve public-private dialogue", and "promote sustainable development and responsible investment".

With regard to Angola, the community executive stresses that the agreement in question also aims to "diversify the Angolan economy" and support the country's "efforts" to "attract and retain investments, by improving the investment climate for both foreign investors as local".

The start of negotiations with Angola is part of the EU's strategy to "increase its collaboration with African partners, to unlock its economic potential, promote economic diversification and promote inclusive growth".

"These agreements also serve to further improve sustainable trade and investment links between the two continents, but also within Africa itself", also points out the European Commission.

In a statement, the vice president of the European Commission for Trade, Valdis Dombrovskis, said that the start of negotiations with Angola shows that the EU "is deepening its collaboration with African countries".

"This new form of investment agreement will promote sustainable and responsible investments, which will diversify and improve the resilience of our economies, and support our climate and energy transformations. (...) Building a closer bond between us will support our mutual stability and prosperity", stresses the responsible.

At the 5th Angola-EU Ministerial Meeting – Joint Way (8 September 2020), the parties had already confirmed their intention to start exploratory discussions for an EU-Angola investment agreement.

On March 23, 2021, the commission adopted a recommendation for a Council decision authorizing the opening of negotiations with Angola for an agreement on the facilitation of investment.

Permita anúncios no nosso site

×

Parece que está a utilizar um bloqueador de anúncios
Utilizamos a publicidade para podermos oferecer-lhe notícias diariamente.