The FTA has a trade coordination meeting and specialized trade-related subcommittees that meet annually to review the use of the free trade agreement and other FTA-related issues. The EU and Chile are negotiating the modernisation of the trade part of the existing EU-Chile Association Agreement so that it can continue to address all areas of EU-Chile trade and investment relations. The European Union negotiates free trade agreements on behalf of all its member states, with member states having granted the EU “exclusive competence” to conclude trade agreements. Nevertheless, the governments of the Member States monitor each stage of the process (through the Council of the European Union, whose members are national ministers of each national government). In early 2016, Chilean delegations held meetings with senior officials from the European Union and the European Free Trade Association to promote the modernization of Chile`s trade agreements with the two blocs. Chile and the European Union signed a framework cooperation agreement in Florence, Italy, on 21 June 1996 to establish a political and economic association. This Agreement entered into force on 1 February 1999. The full agreement entered into force on 1 March 2005. In the framework of the Sixth Council of the Association Agreement between Chile and the European Union in April 2015, Chile and the European Union discussed options for modernising their current Association Agreement. Ten rounds of negotiations were held and concluded on 26 April 2002.
The agreement was signed on 18 November 2002. The agreement includes a political dialogue, a section on cooperation and a section on trade. The fifth round of negotiations was held in Brussels, Belgium, from 15 to 19 July 2019. In 2002, the EU and Chile concluded an Association Agreement comprising a Comprehensive Free Trade Agreement (FTA) which entered into force in February 2003 and covers trade relations between the EU and Chile. The European Union has concluded free trade agreements (FTAs) with many countries of the world and others with a trade component and negotiates with many others.  A round of negotiations to modernise the agreement was held in Santiago, Chile, from 15 to 19 January 2018. On 22Nd January 2018 the European Council published the negotiating directives for the new modernised agreement. On 6 February 22018, the European Commission published 18 first text proposals in which it sets out its position in certain areas of the negotiations for a new modernised agreement with Chile.
The seventh round of negotiations of the trade column on the modernization of the agreement, which took place virtually, ended on 29 May 2020. The eighth round of negotiations of the trade column to modernize the agreement began virtually on September 28, 2020. . . .