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 Creation of PFDA
The Philippine
fishing industry was experiencing an annual production growth
rate of 5.5% on the national level prior to the creation of PFDA.
This accomplishment , however, spawned marketing problems due
to inadequate fish marketing infrastructure, poor fish handling
practices, chaotic system of distribution, and limited post-harvest
processing technology. Immense losses from spoilage, fish quality
deterioration, slow rate of fish dispatch, and price instabiltiy
had been the results of these problems. Thus Presidential Decree 977, creating the Philippine
Fish Marketing Authority (PFMA), was promulgated on August 11,
1976 to address and provide solutions to the fishing industry's
post-harvest problems.
In the need to
pursue the national economic development with renewed dedication
and greater determination, Executive Order No. 772 was issued
on February 8, 1982 to amend P.D. 977. By virtue of this E.O.,
the PFMA was renamed as Philippine Fisheries Development Authority
(PFDA) with expanded functions and powers and revised constitution
of the Board of Directors.
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