This paper discusses and illustrates the institutional changes in policies and management of the government in the aquaculture program of the industry that leads to technical innovations in farming practices tantamount to the bio-safety and quality of products derived thereat for domestic and export consumption. Brief historical events in the development of aquaculture are highlighted relevant to the social and economic growth of the country particularly the industry stakeholders. Given emphasis is the equity in resource use for the poor sector of the industry and the various laws, rules and regulations implored to sustain balance in the ecological and environmental management of the resources. Food quality and safety in aquaculture are elucidated consistent to and compelling with the trade requirements of the importing countries. Future needs are described and research and development directions were recommended.