MALACAÑANG
M a n i l aPRESIDENTIAL 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...
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