VIRTUAL WATER: “COMMODIFICATION” AND THE PERSPECTIVE OF THE WORLD TRADE ORGANIZATION (WTO)
DOI:
https://doi.org/10.58422/releo2024.e1454Abstract
This article delves into the implications of utilizing and trading "virtual water" on a global scale. Water, which transcends both physical and political boundaries, acquires economic, social, and environmental significance. The study centers on the (absence of) international regulation concerning virtual water usage and its repercussions on nations with varying degrees of water accessibility. Moreover, it delves into the conversion of water into a commodity, exploring its advantages and risks. Additionally, the analysis scrutinizes the World Trade Organization's approach to virtual water, navigating through differing interpretations of the General Agreement on Tariffs and Trade (GATT). The study takes into account legal, economic, and environmental viewpoints, all while acknowledging the distinctiveness of this vital resource. The research enhances our comprehensive comprehension of the intricate aspects encircling the management and trade of virtual water.
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A Revista Eletrônica Leopoldianum - Revista de Estudos e Comunicações da Universidade Católica de Santos (ISSN: 2965-9566) é detentora dos direitos autorais de todos os artigos publicados por ela. A reprodução total dos textos em outras publicações, ou para qualquer outro fim, por quaisquer meios, requer autorização por escrito do editor. Reproduções parciais de artigos (resumo, abstract, mais de 500 palavras de texto, tabelas, figuras e outras ilustrações) deverão ter permissão por escrito do editor e dos autores.