The Fiber Industry Development Authority (FIDA) was created by virtue of Executive Order No.709, dated July 27, 1981 and placed under the administrative supervision of the Department of Agriculture.

The FIDA is mandated to promote the accelerated growth and development of the Philippine fiber industry in all its aspects including research, production, processing, marketing and trade regulation.

It is headed by an administrator who is assisted by two (2) deputy administrators and supported by nine (9) divisions and ten (10) regional offices.

• Uplift the quality of life of the farmers through increased productivity and real incomes;
• Strengthen the organizational and human resource capability of FIDA in leading the fiber industry;
• Establish a policy framework that will encourage private initiative consistent with equitable and sustainable development;
• Anchor the agenda for action on the needs of the industry that is market oriented, socially responsive and supportive of private initiative;
• Support the development of the resource capability of the stakeholders; and,
• Develop opportunities that will increase the value of fibers.

• Promote the integrated development of the fiber industry in all its aspects from research, production, processing, marketing and trade regulation;
• Sustain the growth and demand for fibers and fiber-based products both in the domestic and international markets;
• Enforce fiber standards and regulatory measures in order to maintain good quality fiber traded in both local and foreign markets;
• Improve farm productivity, thereby, increasing farmers' income; and,
• Encourage increased domestic processing for employment and higher value added considerations, and increased foreign exchange revenues.