This part concerns me
"The draft would encourage students who graduate from the world's top 500 universities to participate in internships in private companies in Taiwan, but the minimum monthly salary would be set at NT$47, 971 to avoid taking jobs from local Taiwanese citizens. "
This is a double edged sword.
The high minimum salary for Taiwan will make it more unlikely corporations will want to hire foreigners. As it is, most corporations in Taiwan don't want us anyway.
However with the salaries being as low as they are now, it's unlikely a student who graduates from the worlds top universities will want to come here for $25,000nt a month starting salary when they can go almost anywhere else and make more.
Therefore my unprofessional opinion is this will attract so few students as to make it worthwhile. Taiwan would need to make a fundamental change in its hiring practices which is unlikely.
Although good for the government for trying to encourage people by getting out of the way with the many regulations