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The provinces and cities within the autonomous region shall
have priority rights to the utilization, development, conservation,
and protection of the aforementioned offshore fishing grounds.
The provinces and cities concerned shall provide support to
subsistence fisherfolk through appropriate technology and
research, adequate financial, production, marketing assistance,
and other services.
The Regional Assembly shall enact priority legislation to
ensure that fish-workers shall receive a just share from their
labor in the utilization, production, and development of marine
and fishing resources.
The Regional Assembly shall enact priority legislation to
develop science, technology, and other disciplines for the protection
and maintenance of aquatic and marine ecology.
SEC. 25. Agriculture and Fisheries Bureau. – The Regional
Assembly shall by law, create a Bureau on Agriculture and
Fisheries and define its composition, powers and functions.
Trade and Industry
SEC. 26. Private Sector. – The Regional Government
recognizes the private sector as the prime mover of trade,
commerce, and industry. It shall encourage and support the
building up of entrepreneurial capability in the autonomous region
and shall recognize, promote, and protect cooperatives.
SEC. 27. Cottage Industries. – The Regional Government
shall promote and protect cottage industries by providing
assistance such as marketing opportunities, financial support,
tax incentives, appropriate and alternative technology and
technical training to produce semi-finished and finished products.
Deserving small and medium-scale cottage industries may be
provided priority assistance.
SEC. 28. Banks and Financial Institutions. – The Regional
Government shall, subject to the supervision of the Bangko Sentral
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