Erasmus Mundus is a cooperation and mobility programme in the field of higher education that aims to enhance the quality of European higher education and to promote dialogue and understanding between people and cultures through cooperation with Third-Countries. As a whole, different Actions of EM2004/08 and EM2009/13 can achieve the objectives of enhancement of quality. However, the various demands of target analyzed through SWOT suggested the improvement of gaps. By implementing Actions, different programmes and cooperation plans are offered to carry out the marketing strategies to achieve the objectives of quality, excellence and cultural understanding. Evaluations of EM2004/08 are executed afterwards while Actions and programmes are integrated into EM2009/13. Nevertheless, the programmes are worthy of further discussion from the point of view of market segmentation and position as well as their arrangement. Implications relevant to higher education in Taiwan are also pointed out.