Skip to content
RECOMMENDATION (10942/2023 – C90459/2023 – 2023/0181(NLE))

On the draft Council decision on the conclusion, on behalf of the Union, of the Sustainable Investment Facilitation Agreement between the European Union and the Republic of Angola

A-9-2024-0005

Committee on International Trade · Rapporteur: Joachim Schuster

Official HTML ↗ PDF DOCX
✦ In shortFull textProcedure & committee votes
✦ In short · AI summary of this text, generated 26 Sept 2026

Written by a language model from the full text only; every figure comes from the text. The paragraph links open the paragraph a statement rests on — check the text itself before relying on it.

The report asks Parliament to give its consent to the conclusion of the Sustainable Investment Facilitation Agreement between the European Union and Angola. The agreement aims to provide legal certainty, improve the investment climate and facilitate investment between the EU and Angola through simplified rules on foreign direct investment. It has four substantive chapters on transparency, authorisation procedures, focal points and stakeholder involvement, and investment and sustainable development. It includes commitments not to weaken labour or environmental laws to attract investment, to implement international agreements including the Paris Agreement, and to promote responsible business practices.

Committee position. The Rapporteur recommends that Parliament give its consent to the conclusion of the agreement.

Key points

  1. Parliament gives its consent to the conclusion of the agreement.
  2. The agreement's objective is to provide legal certainty, improve the investment climate and facilitate the mobilisation and retention of investment between the EU and Angola.
  3. It is based on modern and simplified rules and procedures relating to foreign direct investment, benefiting both foreign and domestic companies.
  4. It promotes sustainable development, economic growth and job creation and strengthens the bilateral investment relationship.
  5. It is the first agreement on investment facilitation that the EU has negotiated.
  6. The agreement has four substantive chapters: transparency and predictability; streamlining of authorisation procedures; focal points and involvement of stakeholders; and investment and sustainable development.
  7. Chapter VI on dispute avoidance and settlement is based on cooperation and mutually-agreed solutions, and includes mediation rules and State-to-State arbitration as a last resort.
  8. The agreement includes commitments not to weaken labour or environmental laws and standards for the sake of attracting investment.
  9. It includes commitments to effectively implement international labour and environmental agreements, including the Paris Agreement.
  10. It requires the Parties to promote responsible business practices by investors and strengthens bilateral cooperation on investment-related aspects of climate change policies and gender equality policies.

Who is affected

  • The EU and Angola, as Parties to the agreement.
  • Foreign and domestic companies investing between the EU and Angola.

Legal basis: Article 207(4), first subparagraph, and Article 218(6), second subparagraph, point (a)(v), of the Treaty on the Functioning of the European Union.