This is great news for the parties involved in the negotiation and a huge relief for our economy – particularly the countless American workers, farmers, and businesses that have been affected by the dispute and those facing even greater disruption and costs with further delays. Helping resolve this dispute has been a top priority, and last weekend the President directed Labor Secretary Tom Perez to travel to California to meet with the parties to help them reach a resolution because further delays would have been harmful to these workers and the economy. The President was kept updated on the negotiations over the past several weeks, including receiving an update last night from Secretary Perez. The President is grateful to Secretary Perez for his hard work bringing about a successful resolution to this dispute, and for the help of federal mediator Scot Beckenbaugh. And he calls on the parties to work together to clear out the backlogs and congestion in the West Coast Ports as they finalize their agreement.