Bipartisan SAVE Act Seeks to Correct Unfair Trade Practices

Eight U.S. lawmakers have introduced the SAVE Act, an amendment to the Agriculture Trade Act of 1978. Safeguarding American Value-Added Exports (SAVE) aims to protect American food products from unfair trade practices. The European Union (EU) is often the epicenter of unfair practices which block U.S. agricultural products from various international markets.

The SAVE Act has seen significant support from both sides of the political aisle. One of the practices it seeks to target is the EU’s rule regarding geographical indications and common food names that can’t be used by other countries governed by a trade deal. The dairy industry has much at stake with the pending legislation, as 25 years ago, the U.S. dairy sector wasn’t involved in the export front. Now, nearly 18% of the U.S. milk supply goes to export.

Read more on the SAVE Act and it’s implications on U.S. ag products here.