At the beginning of 2016, Chilean delegations held meetings with senior officials of the
European Union and the European Free Trade Association to advance towards modernization of the trade agreements that Chile
has with both blocks. A meeting of Heads of delegations from the EFTA States and Chile on the modernisation and expansion of
the existing EFTA-Chile free trade agreement (FTA) was convened on 22 October 2020 via video conference. Chile and EFTA met
by videoconference from 8 to 12 March 2021 for the third round of negotiations on the modernization and expansion of their agreement.
On November 25, 2022, the fourth round of negotiations for the Modernization of the existing Agreement between Chile and the European Free Trade Association (EFTA), which is made up of Switzerland, Norway, Iceland and Liechtenstein, ended. During the four days of work that this round lasted, which was held in Geneva in a hybrid format, progress was made in the technical teams of Market Access for Goods, Market Access for Services, Financial Services, Trade and Sustainable Development, Public Procurement , and Intellectual Property, among other matters. On March 31, 2023, the fifth round of negotiations concluded. During this meeting, progress was made in Market Access for Goods; Access to the Services Market; Financial services; Trade and Sustainable Development; Intellectual property; Rules of origin; Trade Facilitation; and Electronic Commerce.