The Bologna Declaration is the result of the meeting of European education ministers on 19 June 1999. This agreement aims to harmonize European higher education. Today, 45 European countries, including Switzerland, are complying with the agreement. [-Declaration of Bologna] The Bologna Agreement illustrates the importance of diplomas by distinguishing between bachelor`s and postgraduate studies and introducing the “Bachelor” and “Master” framework for education in the European countries that sign the agreement. In addition, standard requirements for fencing levels, a standard assessment scale, a common transcription and quality assurance controls are defined to ensure common practices and quality standards. The GMAC™ the task force of the Bologna project, which reviewed the Bologna agreement, published a report explaining the potential impact of the agreement on the higher education market. The report also contains the task force`s recommendations on how to implement the reforms of the agreement so that the university management education market and all its stakeholders benefit. On 20 January, the task force held press conferences in Berlin, Paris, London and Milan to announce the publication of the report. To read the report and other information on the Bologna agreement, click here or visit the website of GMAC™ task force in Bologna at www.gmacbolognaproject.com. The reform agreement, often referred to as the Bologna Agreement, has been adopted in the meantime by 11 other countries, bringing the total number of signatories to 40. With the exception of Armenia, Azerbaijan, Belarus, Georgia, Moldova, San Morino and Ukraine, all of Europe is on board. The agreement promises to simplify qualifications and nomenclatures, offer European students more choice of training and mobility and bring many more potential candidates to the management of higher education. Together, the reforms represent an opportunity for postgraduate education programs in continental Europe, in order to challenge the market share of the most mature American and unified countries.

The process, an intergovernmental agreement between the EU and third countries, does not have the status of European law. Since the Bologna Declaration is not a treaty or convention, there are no legal obligations for the signatory states; Participation and cooperation are voluntary.