Section 1
SECTION 1. Declaration of Policy —It is hereby declared to be the policy of the State to establish, promote, and assist the development of a coco-chemical industry in the country and by way of implementing this policy, the Government has adopted, as one of the major industrial projects of the country, the establishment and operation of manufacturing facilities for the production of coco-chemicals by the United Coconut Chemicals, Inc. ("UNICHEM") which is owned and controlled by the coconut farmers of the Philippines.