Declaration of Policy.
Section 1
SECTION 1. Declaration of Policy. - Section 1, Article XII of the 1987 Constitution provides that the State shall promote the industrialization and full employment based on sound agricultural development and agrarian reform, through industries that make full and efficient use of human and natural resources, which are competitive in both domestic and foreign markets. Towards this end, the State hereby recognizes the importance of abaca industry and its development as a driver of rural development not only because of its singular potential as raw material that can increase the country's export earnings tremendously, and put the name of the country in the map of the world for producing the biggest volume of abaca fiber, but for having provided livelihood to many small farmers in the countryside.