The document is a joint declaration by European Ministers of Education establishing the European Higher Education Area. It aims to promote student and teacher mobility, employability, and cooperation between European higher education institutions. Key objectives include adopting easily comparable degree structures based on two main cycles (bachelor's and master's degrees), a credit system to facilitate student mobility, recognition of periods spent studying and teaching abroad, and cooperation in quality assurance. The ministers pledge to achieve these goals to consolidate a European higher education area.