Act to ease free-trade impacts passed

SLOW TRANSITION:The new law will require the labor ministry to offer ‘appropriate supporting aids’ to people working in negatively impacted industries and companies

Taipei Times
Date:  Dec 16, 2015
By: Alison Hsiao  /  Staff Reporter

The legislature yesterday passed the Act of Providing Support in Response to Trade Liberalization (因應貿易自由化調整支援條例), stipulating that the government should establish a fund to assist negatively impacted industries to weather any damage caused by market liberalization.

The act states that the “fund for supporting and adjusting [the impacted industries] to trade liberalization” should be established by the Executive Yuan, which provides a legal and financial basis for future governmental measures aimed at supporting industries and individual enterprises.

The new law, which still needs the president’s approval before being promulgated, would require the Ministry of Labor to offer “appropriate supporting aids” to people working in negatively impacted industries and companies.     [FULL STORY]

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