Abstract

Rather it is the purpose of this article to examine how trade is regulated within the Common Market. It will be necessary, first, to examine the legislative process within the EC. Since there are a number of useful introductory texts on the institutions and legislative processes within the EC,5 this aspect will only be dealt with briefly. The main part of the article will be concerned with the scope and application of those areas of EC law most likely to be of concern to Australian undertakings trading within the Common Market, namely competition law and anti-dumping law. Particular attention will be paid to the procedures adopted by the EC Commission in enforcing both competition rules and anti-dumping rules.

Highlights

  • Australia's trade and economic relations with the European Community (EC),[1] have, for a number years, been characterised by tensions and ill-feeling

  • The majority of Australian undertakings trading in the Common Market will probably never directly feel the impact of EC law at all

  • For some who for example, wish to appoint distributors, or enter into long-term supply agreements, or joint ventures or grant licences of their European intellectual property rights, there is a new dimension of legal rules to be taken into account

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Summary

Introduction

Australia's trade and economic relations with the European Community (EC),[1] have, for a number years, been characterised by tensions and ill-feeling. Australia's vital role as a supplier of industrial raw materials such as coal, iron ore and uranium to the EC is well recognized in Brussels and one would expect the EC to continue to be the second largest market (after Japan) for Australian exports for sometime to come. It is not, the purpose of this article to assess the future prospects for trade relations between Australia and the EC.

The Legislative Process Within the European Community
Findings
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