The European Union (E.U.) is Ontario’s second largest trade partner and a key market for Ontario’s technology products and services. With a total population of over half a billion and a GDP of over $17 trillion, the European Union is the world’s largest single common market. In 2010 Ontario exports to the E.U. increased to over $16 billion. The Comprehensive Economic and Trade Agreement currently being negotiated between Canada and the E.U. will serve to enhance trade and investment flows between Canada and the E.U., and improve market access for Canadian companies.