"The recent Ebola outbreak made us realise that we are all just a plane ride away from exposure to emerging infectious diseases," said Charles Perrings, a professor at the Arizona State University in US.
Perrings described the growth of international trade since the 1950s and the increasingly tight coupling of developed and developing economies.
The study considered how the global community currently deals with trade-related infectious disease risks of animals and plants, and asks how the system could be made more effective.
More recently, African swine fever - a much more serious disease of pigs - has been spread in the Caucasus region through trade in pork, pork product or through waste in trade vehicles.
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"Zoonoses like SARS, MERS, HIV AIDS, or highly pathogenic avian influenza, all originated in wild animals and were then spread person to person through trade and travel," he said.
Perrings said current instruments to control infectious diseases are far from adequate.
"There are two problems to address. One is that disease spread is an unintended (external) effect of trade. To solve this problem exporters and importers need to be confronted with the risks they impose on consumers," Perrings said.
"The other is that the control of infectious disease is a public good - the benefits it offers are freely available to all, and so will be undersupplied if left to the market," he said.
Perrings said options for solving both problems include the use of payments for risk reduction in developing countries and the development of a global fund for infectious disease control.
The study was published in the journal Food Security.