Preamble
WHEREAS, there is need to further strengthen the Code to make it more responsive to present realities and to the new thrust of government policies and programs on forest development and conservation and rationalization of the wood industry; WHEREAS, forest development and wood industry programs should complement, as well as enhance, the rural development program of the government; and WHEREAS, there is a need to provide sufficient incentives to encourage and further expand the participation of the private sector in forest management, protection and development as well as in wood processing activities within the concept of joint or co-management of the forest resources; NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers vested in me by the Constitution, do hereby amend Presidential Decree No. 705 as follows: