EU-Angola Sustainable Investment Deal Takes Effect
The Sustainable Investment Facilitation Agreement (SIFA) between the European Union and Angola entered into force on 1 September 2024, marking a new phase in EU-Africa economic relations. This is the first agreement of its kind concluded by the EU, reflecting a shared commitment to sustainable development, investment facilitation, and technical cooperation.
The SIFA establishes a dedicated Investment Facilitation Committee tasked with overseeing the agreement’s implementation. It aims to attract and expand investment flows while incorporating sustainability principles into the bilateral framework. The partnership will focus on key strategic areas such as agri-food value chains, digital innovation, fisheries, green energy, logistics, and critical raw materials.
SIFA also strengthens the EU’s broader partnership strategy across the African continent by promoting foreign investment in developing and least-developed countries and aligning local economic models with EU standards. In this context, exploratory discussions are underway with other African nations including Ghana, Côte d’Ivoire, and Nigeria.
This milestone also supports the ongoing process for Angola’s accession to the EU-SADC Economic Partnership Agreement, reinforcing regional integration and market access.
In parallel, Portugal maintains a Bilateral Investment Treaty (BIT) with Angola, in effect since 2020 and revised in 2021. The new EU-Angola SIFA complements this bilateral agreement, offering expanded opportunities for economic cooperation.
For more details, consult the official DGAE page or contact: barreiras.mercado@dgae.gov.pt.
