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This is the second volume in the series ""Melbourne Studies in Comparative and International Law"". It contains the revised and updated versions of papers presented at the conference ""Trade and 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 practitioners, explores the current and future challenges which the European Union presents to Australia and Australasia, and addresses broader issues of globalization of markets and harmonization of international trade law.