Isreal -- Agricultural technology exports to Africa, Eastern Europe, South America, and Asia will double for $500 million per year within five years, Israel Export Institute chairman Shraga Brosh said Monday, Globes reported.

He said that 150 Israeli agricultural technology companies were operating in these continents. Brosh also estimated that 30 agricultural ministers and 25 business delegations from 47 countries from these continents would visit Israel this week as guests of the Export Institute, for the 15th International Agritech Exhibition.

Representatives from Ghana, Uganda, Albania, Ethiopia, Bulgaria, Bosnia-Herzegovina, Ghana, India, Ivory Coast, Taiwan, Tanzania, Serbia and Montenegro, Sri Lanka, the Czech Republic, the Democratic Republic of the Congo, Costa Rica, Cameroon, Mexico, Australia, Venezuela, China, the Philippines, Chile, Romania, Russia, and other countries will attend the exhibition.

Brosh said that during the exhibition, the Export Institute would sign cooperation agreements with export institutes and chambers of commerce of Ethiopia and the Dominican Republic. He said the visiting delegation represented $6 billion in potential agricultural technology purchases over the next five years.