PGC:

Aquaculture in the Philippines contributes significantly to the country's food security, employment and
foreign exchange earnings. aside from this, Aquaculture is also regarded as the most promising source
of protein food in the years ahead Aypa (1995). Given the importance of Aquaculture to the country, the
Government has created Laws such as REPUBLIC ACT NO. 8550 or "The Philippine Fisheries Code of
1998" that aims to develop, conserve and manage the current aqua cultural system here in the
Philippines. One of the principle objective of this law is to achieve food security as the overriding
consideration in the utilisation, management, development conservation and protection of fishery
resources in order to provide the food needs of the population.

Econ :
The economics in aquaculture can be viewed in two levels: macro and micro economics. micro
economics in aquaculture deals mainly with the management measures and elements affecting
the efficiency of operation at the farm level, while macro-economics addresses the assessment of
social benefits and costs of an aquaculture project. In the last five years, abundant production
from aquaculture has made farmed fish increasingly more affordable compared to wild-caught
fish (Cruz, 2004). Approximately 18 percent of the food fish supply currently comes from
aquaculture. Milkfish and tilapia represent the bulk of aquaculture production.

REFRENCES:

Cruz, P.S.2004 .Perspectives in aquaculture development and management.

Paper presented in the First Consultative Meeting for Preparation of the
Comprehensive National Fisheries Industry Development Plan, 21-23
September 2004, Subic International Hotel, Subic Bay, Zambales,
Philippines.

Aypa S. M. (1995). Aquaculture in the Philippines. In T. U. Bagarinao & E. E.

C. Flores (Eds.), Towards Sustainable Aquaculture in Southeast Asia and
Japan: Proceedings of the Seminar-Workshop on Aquaculture Development
in Southeast Asia, Iloilo City, Philippines, 26-28 July, 1994 (pp. 137-147).
Tigbauan, Iloilo, Philippines: SEAFDEC Aquaculture Department.