"The European Commission, through its longstanding cooperation with the US and Canada, announces the launch of 33 new and innovative projects involving universities and training institutions on both sides of the Atlantic. Each project is jointly funded and supervised by the European Commission and the governments of the partner countries. Their objective is to promote mutual understanding, transparency and quality in higher education and training and provide students from both Europe and North America the experience of studying abroad. This is accomplished through the establishment of long-term institutional cooperation at the bachelor's and master's degree levels. The 33 projects launched this year involve 154 institutions and more than 1220 student exchanges."