{"id":9132,"date":"2022-12-26T08:42:13","date_gmt":"2022-12-26T07:42:13","guid":{"rendered":"https:\/\/cf.iisd.net\/itn\/?p=9132"},"modified":"2024-08-09T18:32:39","modified_gmt":"2024-08-09T16:32:39","slug":"eu-and-angola-conclude-sustainable-investment-facilitation-agreement-the-first-eu-agreement-of-this-kind","status":"publish","type":"post","link":"https:\/\/www.iisd.org\/itn\/2022\/12\/26\/eu-and-angola-conclude-sustainable-investment-facilitation-agreement-the-first-eu-agreement-of-this-kind\/","title":{"rendered":"EU and Angola conclude Sustainable Investment Facilitation Agreement\u2014the first EU agreement of this kind"},"content":{"rendered":"<p>In November 2022, the <span class='tooltipsall tooltipsincontent classtoolTips117'>EU<\/span> and Angola concluded a Sustainable Investment Facilitation Agreement (SIFA)\u2014the first EU agreement of this kind. The SIFA aims to make it easier to attract and expand investments while integrating environmental and labour rights commitments in the EU-Angola relationship. <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/IP_22_6136\">According to the EU<\/a>, the agreement will make investments easier by enhancing transparency and predictability of investment-related measures. It would do this, for example, by publishing all investment laws and conditions and promoting the use of single information portals for investors; simplifying investment authorization procedures and fostering e-government; facilitating interactions between investors and the administration; and establishing focal points and stakeholder consultations. The agreement also includes provisions that aim at promoting sustainable development, for instance, by including commitments to effectively implement international labour and environmental agreements, such as the Paris Agreement. The SIFA also includes references to investor due diligence and supports the dissemination of important instruments on responsible business conduct, such as the UN Guiding Principles on Business and Human Rights, the UN Global Compact, the <span class='tooltipsall tooltipsincontent classtoolTips44'>OECD<\/span> Guidelines on multinational enterprises, and the <span class='tooltipsall tooltipsincontent classtoolTips74'>ILO<\/span> Tripartite Declaration of Principles Concerning Multinational Enterprises and Social Policy. The agreement must now be revised before it is signed and ratified by both parties to enter into force.<!--more--><\/p>\n<script type=\"text\/javascript\"> toolTips('.classtoolTips44','Organisation for Economic Co-operation and Development'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips67','Energy Charter Treaty'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips74','International Labour Organization'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips100','investissement direct \u00e9tranger'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips110','inversi\u00f3n extranjera directa'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips116','European Commission'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips118','Union europ\u00e9enne'); <\/script><script type=\"text\/javascript\"> toolTips('.classtoolTips119','Uni\u00f3n Europea'); <\/script>","protected":false},"excerpt":{"rendered":"<p>In November 2022, the <span class='tooltipsall tooltipsincontent classtoolTips117'>EU<\/span> and Angola concluded a Sustainable Investment Facilitation Agreement (SIFA)\u2014the first EU agreement of this kind. The SIFA aims to make it easier to attract and [&hellip;]<script type=\"text\/javascript\"> toolTips('.classtoolTips117','European Union'); <\/script><\/p>\n","protected":false},"author":26,"featured_media":15869,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[397],"tags":[],"class_list":["post-9132","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/9132","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/users\/26"}],"replies":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/comments?post=9132"}],"version-history":[{"count":0,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/posts\/9132\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media\/15869"}],"wp:attachment":[{"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/media?parent=9132"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/categories?post=9132"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.iisd.org\/itn\/wp-json\/wp\/v2\/tags?post=9132"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}