Embrapa, the Brazilian Agricultural Research company plans to use Panama as a base to support projects in Central America and the Caribbean.
The organization is one of the world leaders in tropical agriculture and was responsible for the development of the South American giant's bio-fuel industry.
"Embrapa's Panamanian office will channel support from Brazil into projects developing the region's skills and food security," reports Prensa.com.
A commission from EMBRAPA arrived on Sunday in Honduras to fine tune details for the installation of a regional office for Central America and the Caribbean.
Besides the setting up of the a regional office, they are looking to provide follow up to agreements signed by the presidents of Central America and Brazilian president, Lula Da Silva, last year in El Salvador.