PRESIDENTIALDECREE NO. 704 REVISING ANDCONSOLIDATING ALL LAWS AND DECREES AFFECTING FISHING AND FISHERIESWHEREAS, fish is one ofthe major and cheap­est sources of protein in the diet of the Filipino people;WHEREAS, 2.2 millionFilipinos depend direct­ly on the fishery industry for their livelihood;WHEREAS, thePhilippines continues to import fish and fishery products in substantialquantities because of the insufficiency of domestic produc­tion;WHEREAS, there is acompelling need to in­crease the production of fish to bring down its price toa level which will be within the reach of our people, and at the same timeinsure the con­tinuity of our fishery resources in productive condi­tionthrough wise utilization and proper conserva­tion;WHEREAS, the vastfishery resources of the Philippines have remained largely untapped due tounnecessary constraints brought by existing laws and regulations and by thefailure to provide an in­tegrat...