National fiber development body proposed
Sen. Antonio Trillanes IV has filed Senate Bill 540, which seeks to create a National Fiber Development Authority (NAFIDA) to help arrest the decline in the country’s fiber production, especially abaca and cotton.
Once the measure is enacted into law, the Fiber Industry Development Authority and the Cotton Development Authority will be dissolved and its assets and functions will be transferred to NAFIDA.
Under the proposed National Fiber Development Act of 2016, the NAFIDA, which will be attached to the Office of the President, will promote the integrated development of the local cotton and fiber industry, sustain growth and demand, and encourage their use.
The NAFIDA’s powers include undertaking research studies, regulating licensing and registration of cotton and fiber producers, monitoring supply and demand, and acquiring world-class machinery and tools to help local producers.