C++ templates and exceptions allow for more robust and reusable code. Templates allow functions and classes to work with different data types by using placeholder types that are substituted at compile-time. This avoids duplicating code and reduces errors. Exceptions provide a mechanism to handle errors and unexpected events in code through throwing and catching exception objects. Exceptions allow code to exit a block and transfer control to dedicated error handling code. Together, templates and exceptions make C++ code more flexible, reusable and fault-tolerant.