'Law Of The Sea' Treaty Now Dead, Demint SaysSubmitted by emalvini on Tue, 07/17/2012 - 00:12
'Law Of The Sea' Treaty Now Dead, Demint Says
The United Nations Law of the Sea Treaty now has 34 senators opposed to it and thus lacks the Senate votes needed for U.S. ratification, a key opponent of the treaty announced Monday.
But the treaty’s main Senate proponent denies the treaty is sunk, saying plenty of time still exists to win support before a planned late-year vote.
The Law of the Sea Treaty, which entered into force in 1994 and has been signed and ratified by 162 countries, establishes international laws governing the maritime rights of countries. The treaty has been signed but not ratified by the U.S., which would require two-thirds approval of the Senate.
Critics of the treaty argue that it would subject U.S. sovereignty to an international body, require American businesses to pay royalties for resource exploitation and subject the U.S. to unwieldy environmental regulations as defined.