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b'Water may be saved through trade provided it moves from countries that use water wisely to those lacking water, as a coming water crisis\\u2014driven by climate change, neglect of infrastructure, and misguided policies\\u2014threatens global economic growth in countries struggling to develop, and in developed countries. \\n\\nSavings don\\u2019t refer to the volume of virtual water of the imported product, but to the volume of water the importers would have required to produce the same quantity of product. Globally, savings represent on average 10% of the 352 cubic kilometers of global freshwater used each year. \\n\\nMost virtual water goes into agricultural exports rather than industry, and is heavily subsidized to make them competitive. There is no recognized way to price water, so it reflects demand and supply, and water, both surface and groundwater, is underpriced. The reality is that water resources are becoming more expensive to exploit, and this is not reflected in the price of a final product.\\n\\nRead the transcript\\nhttp://bit.ly/2IqaFzt\\n\\nRead the book\\nhttps://www.adb.org/publications/win-win-how-international-trade-can-help-meet-sdgs\\n\\nAbout the speaker\\nAlexandre le Vernoy is a consultant at Groupe d\\u2019Economie Mondiale.\\n\\nKnow more about ADBI\\u2019s work on trade\\nhttp://bit.ly/2oTzgng\\nhttp://bit.ly/2D3NTJH'