Thank you. It's a really important question.
As you know, Canadian workers and Canadian companies have some of the best skilled workers in the world already here. In addition to that, for their future growth, development, and innovation, sometimes they need to attract the best and the brightest in the world, in addition to hiring Canadians. Those folks, in addition to their coming here and having jobs with the Canadian companies, in turn create jobs for Canadians.
It's important in the global race for talent for Canada to be well-positioned in that race and to continue to have mechanisms in place to facilitate the attraction and retention of that talent. The global skills strategy is the exact mechanism we need to make it easier for companies that are desperate for that global talent to get that talent to Canada quickly. As part of the global skills strategy, we're setting an ambitious two-week standard for processing visas and work permits for low-risk, high-skilled talent. In addition, the department will develop a dedicated service channel to help meet the foreign talent needs of companies seeking to make a significant investment in Canada.
In addition to that, we also plan to introduce a new work permit exemption for work terms of very short duration: 30 days or less. This will help sectors such as university-based research sectors to attract people on a temporary basis, enable them to get here quickly, assist the university or the company with the work that needs to be done, and then go back to their original country.