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Solution

Answer:

Yes, water is the most basic but also the most essential resource. In addition to water required for drinking purpose (potable water), water is also needed for irrigation, fishing, industrial and recreation use etc. Water is an invaluable resource and directly influences the economic and living conditions of a country.

Demand for water has surpassed supply in many countries due to factors like climate change, population rise etc. Because of increase in demand and reducing supplies, already several nations are facing water crisis which will intensify further in coming years. Most of the conflicts in transboundary basins arises over fresh water resources and violent confrontations over water resources have increased over time.

Water cooperation is required among different countries to mitigate the risk of war and to reduce the diplomatic tension. International conventions like the Convention on the protection and Use of Transboundary watercourses and International Lakes are amongst the several initiatives at a global level that aims to enhance environmental and political stability by providing an intergovernmental platform to unify activities aimed at increasing water cooperation.