A round of negotiations to modernize the agreement was held from 15 to 19 January 2018 in Santiago, Chile. On 22 January 2018, the European Council published the negotiating guidelines for the new modernised agreement. On 6 February 2018, the European Commission published 18 first draft texts in which it expressed its position in certain areas of negotiations for a new modernised agreement with Chile. The seventh round of negotiations on the trade pillar for the modernization of the agreement, which almost took place, ended on 29 May 2020. The eighth round of negotiations on the trade pillar for the modernization of the agreement has all but begun on 28 September 2020. Trade agreements between the EU and other countries or free trade zones have different implications for national economies. The agricultural industry is most affected when regional farms face competition from large producers who have access to markets in the event of lower tariffs. In major agreements such as the AA with Mercosur, European countries are significantly opposed to cheaper imports of meat and other products.  However, for the automotive and export manufacturing industries, which generally include larger global groups, significant increases in volume are evident for more industrialized members of trade.
 The report states that the European Parliament will continue to work “closely” with the Georgian Parliament, as a direct partner and important player in the implementation of the AA and the DCFTA, through regular inter-parliamentary dialogue and joint institutional support measures. Article 359 of the agreement provides for the accession of new members. On 6 April 2009, the EU issued a statement informing of the temporary halt in negotiations for an association agreement between the EU and Central America. A few days later, on 24 April 2009, the EU and Central America agreed to resume negotiations for an agreement. At the EU-Ukraine summit in Paris in September 2008, the parties agreed that the new expanded agreement would be known as the Association Agreement. In 1993, the European Union and Central America signed a framework cooperation agreement. The agreement came into force on March 1, 1999. At the EU-Latin America Summit in May 2002, the EU and six Central American countries – Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama – agreed to negotiate a new political dialogue and cooperation agreement signed in Rome on 15 December 2003.
Chile and the European Union signed a framework cooperation agreement on 21 June 1996 in Florence, Italy, aimed at creating a political and economic association. The agreement came into force on February 1, 1999. Significant progress has also been made in consolidating Georgian parliamentary democracy following the constitutional reform and agreement of the main political parties on 8 March 2020 on the electoral system for the 2020 parliamentary elections, after a long period of internal political turmoil. The situation of justice remains a concern, as the procedures for selecting judges have not been completed, and a series of proceedings against the opposition have raised concerns about the impartiality of the judicial system. Georgia is invited to implement the recommendations of its international partners such as the Venice Commission and the OSCE/BDIDH,” the rapporteurs said.