Erasmus Programme Erasmus Programme The Erasmus Programme ("EuRopean Community Action Scheme for the Mobility of University Students") is a European Union (EU) student exchange programme established in 1987. Erasmus+, or Erasmus Plus, is the new programme combining all the EU's current schemes for education, training, youth and sport, which was started in January 2014. The Erasmus Programme, together with a number of other independent programmes, was incorporated into the Socrates programme established by the European Commission in 1994. The Socrates programme ended on 31 December 1999 and was replaced with the Socrates II programme on 24 January 2000, which in turn was
EU Gateway Programme in March 2013. Both parties aim to conclude a comprehensive agreement for goods, services and investment, eliminating tariffs, non-tariff barriers and covering other trade-related issues, such as public procurement. The Free Trade Agreement is expected to increase the EU's GDP by 0.6 to 0.8% and EU export to Japan by more than 32.7%. Despite the joint efforts made to foster economic co-operation, SMEs are still encountering challenges when entering the Japanese market: South Korea is the EU's 8th largest trading partner and EU has become South Korea's second largest trading partner and export destination. In 2011 – 2012, South Korea