JERUSALEM, Feb. 17 (Xinhua) -- Israel and Costa Rica have signed the first-ever agricultural cooperation agreement, the Israeli Ministry of Agriculture and Rural Development said in a statement on Thursday.

The agreement, signed by the agricultural ministers of the two countries, would lead to a significant increase in trade relations between the two countries, the Israeli ministry said.

The agreement would constitute an important foothold for Israel's agriculture and agrotechnology in Central America, and will also benefit Costa Rica in its agricultural technologies, especially in advanced solutions for major crops in Costa Rica, including coffee, pineapple and papaya, it added.

The agreement will serve as a basis for signing commercial contracts and will allow Israeli companies to receive financial support from the Costa Rican government, including tax exemption.

Under the agreement, the two countries will also exchange policy and regulation information on sustainable and efficient use of water resources for agriculture, and promote agricultural research collaborations, especially advanced solutions for growing and producing food in changing climatic conditions. Enditem

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