EU and US boost educational exchange programmes

The United States and the European Union signed a new eight-year agreement Wednesday on cooperation in higher education and vocational training on the sidelines of an EU-US Summit with US President George W. Bush in Vienna, according to a statement.

[...] “The new agreement will usher in innovative transatlantic degree programmes, promote exchanges of students, teachers and other professionals, strengthen the Schuman-Fulbright (scholarship) Programme and encourage greater institutional collaboration in tertiary education,” the statement said.

The project should receive 45 million euros (57 million dollars) from the European Commission by 2013 and hopes to target some 6,000 students over the next eight years.

Full article: AFP, EU Business, 21 June 2006