The British Columbia Business Council is urging the federal government to intervene in the labor dispute unfolding at the province’s ports, which hold up hundreds of millions of dollars worth of goods a day.

The BC Maritime Employers Association launched a lockout against about 700 foremen on Monday, hours after Local 514 of the International Longshore and Warehouse Union began strike activity.

The BCBC, which represents more than 200 of the province’s largest employers, said port operations are “vital” to Canada’s economy.

“What people don’t understand are the long-term consequences, as Canada is no longer seen as a reliable place to do business,” said Laura Jones, president and CEO of the council.

“People are starting to take their businesses elsewhere. So what does that mean? That means fewer job opportunities.”

He acknowledged the complexities of labor negotiations and the importance of reaching a fair deal, but said the dispute has been disrupting the flow of $800 million in goods daily.

“We now call on the federal government to step in and use every tool available to reach a quick agreement,” Jones said.

ILWU Local 514 has not spoken to the media since the job action began. The BCMEA said talks have also not resumed since the lockout began.

The employer called its most recent offer, submitted last week, “final” and said that while the offer remains on the table, that could change as the shutdown continues.

With files from the Canadian Press.