On April 24, 2025, the Executive Yuan approved a draft bill for a special act to strengthen Taiwan's economic, social and homeland security resilience in response to international developments. The proposed legislation would authorize a special budget of up to NT$410 billion (US$13.2 billion) to help businesses navigate the restructuring of global trade, ease the burden on the general public, bolster national defense and minimize the impact of new U.S. tariff policies on the people of Taiwan. Together with the Executive Yuan's previously introduced support plan that encompassed nine key areas and 20 measures, the proposed special act aims to provide timely assistance to industries and the public.
Main points of the act
■ Supporting industries: Provide companies with greater financial support through measures such as reduced interest rates on trade financing, preferential export insurance premiums, enhanced guarantees on export loans, and expanded loan support for micro-, small and medium-sized enterprises. Boost industrial competitiveness by offering guidance and subsidies to help businesses upgrade their technologies and replace old equipment. Facilitate expansion into diversified international markets by assisting companies in overseas marketing and order acquisition. Strengthen the agricultural sector through measures such as increasing interest subsidies on agricultural loans, and accelerating value-added transformations.
■ Stabilizing employment: Support companies in maintaining stable hiring practices and enhancing workforce skills training. Ensure secure employment for workers and facilitate young people's entry into the workforce.
■ Safeguarding livelihoods: Allocate funding for the Taiwan Power Company (Taipower), National Health Insurance fund and Labor Insurance fund to ease their financial pressures and alleviate the impact of international commodity price fluctuations on individuals, industries and the economy. Expand social care programs and services, particularly for disadvantaged groups. Invest in talent at the higher education level.
■ Enhancing national resilience: Strengthen homeland defense capabilities by improving and expanding coastal patrols, unmanned vehicle systems and other critical defense assets. Upgrade cybersecurity capabilities by improving the operational environment and infrastructure for information and communications systems.