I am envisioning a world where governments can support increased trade to more effectively manage the capacity of the environment and the rate of output of ecosystem services. But markets for ecosystem services are complex and subject to many uncertainties, not least because trade can have both positive and negative impacts on the environment, and because many of the services provided by ecosystems are public goods, property rights associated with ecosystems and their services are often not clearly defined. Suppose the property rights of natural resources are not clearly defined. In that case, they may be overused as public services or the effects of uncompensated side effects of human actions (e.g. anthropogenic pollution of water resources or illegal fishing, illegal exploitation of forests).
I support government enactment of bills to value ecosystems that can help resource managers deal with the effects of market failures. In the case of the Panama Canal, for example, a better solution could be to legalize private farmland uses around the Panama Canal to increase dry season water flows and reduce sedimentation. Policymakers can also best combine trade and environmental policies to create markets for environmental products and even develop sustainable import and export trade.