At Thursday's weekly Cabinet meeting, Premier Cho Jung-tai was briefed by the Ministry of Foreign Affairs (MOFA), Ministry of Economic Affairs (MOEA) and Financial Supervisory Commission (FSC) on the government's responses to recent developments in the Middle East. The premier said that, on March 2 and 4, the Executive Yuan held meetings with the relevant ministries—including the MOFA, Ministry of Transportation and Communications (MOTC), Ministry of Finance (MOF), MOEA and FSC—and implemented several contingency measures.
Concerning assistance for overseas Taiwanese nationals and travelers, Premier Cho stressed that MOFA missions abroad have promptly activated emergency response procedures and, in line with ongoing developments, taken action to protect Taiwanese nationals overseas. Moreover, the MOTC has asked travel agencies to oversee the safety of travelers and provide appropriate support.
On financial stability, including the stock and foreign exchange markets, the premier noted the sharp rise in Taiwan's stock market today, but he nevertheless directed the MOF and FSC to closely monitor financial market conditions and the situation in the Middle East, and to adopt stabilization measures as needed.
On energy supply, Premier Cho pointed out that the government has long implemented three key strategies—diversifying import sources, prioritizing long-term procurement contracts and maintaining strategic reserves—to gradually reduce reliance on any single country or shipping route. In response to the potential impact of the Strait of Hormuz closing, the CPC Corporation has been actively coordinating with multiple suppliers in recent days. The natural gas supply has been secured through the end of March, while additional dispatch arrangements are being made to guarantee a sufficient material supply for April. The premier also directed the Taiwan Power Company (Taipower) to develop multiple contingency mechanisms to ensure a stable electricity supply under all scenarios.
Regarding commodity prices, the premier noted that a task force meeting was convened Wednesday to carry out various price stabilization measures. Moving forward, weekly meetings will be held to review price stability measures, monitor the newest developments and respond in advance, with the policy goal of keeping consumer price index (CPI) growth below two percent this year.