"When people said, 'We'll trade water and waste water -- that's the future,' we said, 'That's cool.' I didn't hear dissent in the ranks.
In Chile, Mexico and California, however, farmers are able to trade "water rights"—allocated by the state to those in need, such as industry.
Seeking to overcome this, in 2004 the federal and state governments set up a national water market, allowing farmers to trade water across state borders, and governments to buy water.
He is the driving force on bilateral talks on trade, water and counter-terrorism, which should culminate in the next few months in a meeting of foreign ministers.Encouragingly, on Pakistan's side, civilians also seem open to talks.
The two-day meetings in New Delhi were part of wider-ranging discussions under way between India and Pakistan over issues including trade, water rights, terrorism and the fate of the disputed region of Kashmir.
"Grain is the currency by which we trade water," Postel says.
It will also become easier for water companies to trade water with each other, which should help manage droughts better.
Trade water numbers would be 130 gallons a day in water-scarce Israel and 1,100 in Haiti.
It will also become easier for water companies to trade water with each other, which should help manage drought situations better.
With more than 40percentt of the world's population living within 100 kilometers of the ocean and 80percentt of global trade water-based, oceans are key to sustaining individual livelihoods and the global economy.
