According to a 1999 report, the U.S. Global Water Corporation, a Canadian company, was one of those seeking to be a major player in the water trade. It signed an agreement with Sitka, Alaska, to export 18 billion gallons per year of glacier water to China where it would be bottled in one of that country's "free trade" zones to take advantage of cheap labour. The company brochure enticed investors "to harvest the accelerating opportunity... as traditional sources of water around the world become progressively depleted and degraded.".
Selling water to the highest bidder will only exacerbate the worst impacts of the world water crisis.