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European Union and Angola to sign sustainable investment facilitation agreement

The European Union and the Angolan Government will sign a sustainable investment facilitation agreement, the first that the parties propose to cooperate in this area, through technical assistance, a source from the European organization said this Tuesday.

: B. Roessler
B. Roessler  

The information was disclosed to Lusa by the deputy head of Cooperation of the European Union delegation in Angola, Isabel Emerson, on the sidelines of a seminar on models of public-private partnerships (PPP) to develop projects for logistics platforms in Angola in the context of the corridor of Lobito.

According to Isabel Emerson, this is the first “very important” agreement that the organization has signed and “has had a lot of interest from its member states”.

Isabel Emerson said that two negotiating rounds had already been carried out with Angola, with the prospect of a third soon before the agreement is signed.

The agreement will be signed with a view to facilitating investment, with the digitization and availability of information to investors, namely easier access to Angolan rules, procedures and legislation, in several languages, as well as ease of exchange with entities and authorities. angolan

The deputy head of European Union Cooperation in Angola stressed that the Government is also very interested in this cooperation.

According to the official, the signing of this agreement will be the recognition “that Angola is opening its doors to facilitate investment”.

The European Union will support this entire process, from a more formal point of view, with the interaction between the different actors, and at the local level, support of technical assistance and training of personnel, as already happens with the Agency for Private Investment and Promotion of Exports.

“What the agreement also brings is an element of regular meetings between the private sector and the Government and areas of support for trade”, she pointed out.

Regarding the logistics sector, Isabel Emerson mentioned that a business forum was held in Brussels, Belgium, in which one of the topics addressed was this, with the prospect of attracting European investors to this sector.

“We already have one of the Member States here, the Netherlands [Netherlands], which signed this agreement at the level of Benguela, on the Lobito corridor, but our objective is really to attract more investment, more interest, and there is enormous potential” , he stressed.

A second business forum could take place in the province of Benguela, on the south coast of the country, given the importance of the logistics sector, said Isabel Emerson.

“We think it will play an important role in promoting agribusiness, industrial production, trade in the region, but also with us at the European Union level,” she explained.

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