Representatives from various international franchises expressed their interest in operating in Panama.
The Brazilian delegation met with Jorge Luis González, sub director of the Small and Medium Enterprises Authority (AMPYME).
"Ricardo Camargo, director of the Brazilian Franchise Association, remarked that they have analyzed Panama for developing businesses there, as the country benefits from a very good international perception, and has an important market, as it is an attractive tourist destination", reported Prensa.com.
Businessmen from the food sector are exploring the Brazilian market in order to expand their franchises.
Companies "Pollo Campero", "Go Green", "Los Cebollines" and "Tacontento" are studying this market for their expansion plans for 2010, reported Ricardo Camargo, secretary of the Brazilian Association of Franchises.
Camargo also told newspaper Prensalibre.com: "We are preparing a trip to Brazil to make contact with local entrepreneurs".
The industry is facing a drop in sales at an average of 20% and changes in consumption habits.
Business owners of several restaurants shared their impressions, perspectives and some strategies on how to deal with the crisis with the El Periodico newspaper in Guatemala.
Erick Cacacho, from the Los Cebollines chain commented: "Our clients have not stopped dining at our restaurants.