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Reference:

Boyarkina O.A. International water agreements

Abstract: This article explores the possibility for formation of global fresh water market. For this purpose an analysis of international water agreements executed on the regional level is being conducted. The growing deficit of fresh water forces countries that experience issues with water availability to make water deals with countries that possess sufficient potential of water resources. The work explores the influence of the geographical factor and means of transportation (technical factor) upon the price formation in water deals. The author concludes that the fresh water market on the regional level is already actively functioning and will continue to develop. However, a large scale trade of water would unlikely receive further development in the near future, since the current international water legislation does not promote pure sale of water (i.e. sale of just water). But in a long term prospects, with growing demand for water, the currently existing groundwork of regional water market could transform into global market of fresh water.


Keywords:

International relations, Water deficit, Transboundary rivers, Global economy, Geographical factor, Transportation, Logistics, Pricing, Water deals, Fresh water market

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This article written in Russian. You can find original text of the article here .
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