Skip Navigation

Close and don't show again.

Your browser is out of date.

You may not get the full experience here on National Journal.

Please upgrade your browser to any of the following supported browsers:

Business Groups Urge Law of the Sea Treaty Ratification Business Groups Urge Law of the Sea Treaty Ratification

NEXT :
This ad will end in seconds
Close X

Not a member or subscriber? Learn More »

Forget Your Password?

Don't have an account? Register »

Reveal Navigation

 

Influence

Business Groups Urge Law of the Sea Treaty Ratification

Ahead of today's Senate Foreign Relations Committee hearings on the Law of the Sea Convention, a dozen business groups urged senators to approve the treaty, which would grant American sovereignty over resources within hundreds of miles of its shores.

Over 150 countries and the European Union have ratified the treaty, so supporters argue that the United States is missing out on the legal certainty and predictability it would provide.

"Now that new technologies and changed conditions have made it cheaper and easier to access the potential wealth beneath the oceans, the business community simply cannot afford to have the U.S. remain on the sidelines," the groups wrote in a letter to senators on Wednesday.

The letter goes on to say how the treaty will help energy companies, the telecommunications industry and other industries that rely on mineral resources. 

"Accession to the Law of the Sea Convention is the only means to protect and advance the claims of U.S. entities to the vast mineral resources contained on the deep seabed floor, and would ensure that ships flying American flags travel safely and securely through international waters," the letter says.

Groups that signed the letter include the American Petroleum Institute, the Chamber of Shipping of America, the National Association of Manufacturers and the Telecommunications Industry Association.

Don't Miss Today's Top Stories

Chock full of usable information on today's issues."

Michael, Executive Director

Concise coverage of everything I wish I had hours to read about."

Chuck, Graduate Student

The day's action in one quick read."

Stacy, Director of Communications

Great way to keep up with Washington"

Ray, Professor of Economics

Sign up form for the newsletter
MORE NATIONAL JOURNAL