An Act To Finance The Coconut Replanting Program
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An Act To Finance The Coconut Replanting Program
Presidential Decree No. 1972
April 8, 1985
Case Overview and Summary
Summary of Presidential Decree No. 1972Financing the Coconut Replanting Program
- The export duty and additional export duty on coconut products are made the initial source of financing for the Philippine Coconut Authority (PCA) to implement the coconut replanting program. (Section 1)
- The PCA shall service the requirements of small coconut farmers owning not more than 24 hectares who volunteer for the replanting program, prioritizing devastated areas in the Visayas and Mindanao. (Section 2)
Exemptions for Private Sector Associations/Cooperatives
- Copra millers/refiners and other exporters of coconut products that form associations or cooperatives are exempted from paying the export duties if they meet the following conditions: (Section 3)
- The association/cooperative has at least 10 members with an aggregate export volume of at least 200,000 MT of coconut products per year, including one or more coconut oil mills/refineries owned by coconut farmers. (Section 3a)
- The association/cooperative has a viable coconut new area planting and/or replanting scheme on a plantation scale of at least 2,000 hectares, approved by the President. They can acquire lands for this purpose. (Section 3b)
- Members contribute an amount not less than the prescribed export duties to a mutual assistance funding scheme for the planting/replanting program. These contributions are tax-deductible, and any benefits received are tax-exempt. (Section 3c)
Penalties and Repeals
- Violations of this decree and its rules and regulations shall be punished according to Section 1, Article IV of Presidential Decree No. 1468, as amended. (Section 4)
- Inconsistent laws, orders, and regulations are repealed, amended, or modified accordingly, except for provisions and tax exemptions in Presidential Decrees No. 1960 and 1468, as amended. (Section 5)
- This decree is effective immediately. (Section 6)
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An Act To Finance The Coconut Replanting Program
Presidential Decree No. 1972
•April 8, 1985
MALACAÑANGM a n i l a
PRESIDENTIAL DECREE No. 1972 April 8, 1985
AN ACT TO FINANCE THE COCONUT REPLANTING PROGRAM
WHEREAS, a large majority, including domestic and international agencies and institutions assisting the Government in the implementation of the structural economic adjustment program for the country have unanimously recommended that the Government restart the coconut replanting program throughout the country;
WHEREAS, these recommendations recognize that, unless replanting program is implemented, the coconut industry must be reduced to a domestic industry rather than a major export industry as most of the coconut tree population of the country are senile and the coconut trees in major coconut producing areas in the country were destroyed by natural calamities in 1982-1984;
WHEREAS, even international financial institutions had offered to finance the restart of the replanting program by way of assisting the country to overcome and survive the economic crisis and to preserve the role of the coconut industry as a major export industry;
WHEREAS, in its comprehensive report on the coconut industry, the National Economic Development Authority ("NEDA")...
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