This is the second volume in the series The Melbourne Studies in Comparative & International Law. It contains the revised and updated versions of papers presented at the conference Trade & Cooperation with the European Union in the New Millennium, held at The University of Melbourne from 14-15 December 2000. The collection, by leading international scholars and expert practitioners, explores the current and future challenges which the European Union presents to Australia and Australasia, and addresses broader issues of globalisation of markets and harmonisation of international trade law.