The Obama administration says the treaty does not allow any U.N. taxes. U.S. business groups support ratification, saying the treaty will expand opportunities for American companies and protect their maritime interests. The Senate opposition is disappointing to Joe Cox, who heads a group representing America’s commercial shipping industry.
“It is extremely frustrating, because the way we view the sovereignty issue is the U.S. would actually be expanding its sovereignty capabilities by acceding to the treaty,” he said.
Rumsfeld says U.S. shouldn't endorse
Former Secretary of Defense Donald Rumsfeld discusses his new memoir with members of the Union League Club in Chicago
Cox says the United States could veto any royalties charged on companies that extract resources from the seabed. But that does not satisfy critics, like former U.S. Defense Secretary Donald Rumsfeld.
“I do not believe the United States should endorse a treaty that makes it a legal obligation for productive countries to pay royalties to less-productive countries based on rhetoric about common heritage of mankind,” he said.
Joe Cox believes treaty detractors miss a larger point.
“Cooperating with other nations on international issues is not detracting from American exceptionalism," he said. "In fact, I think it is highlighting American exceptionalism. But we have to be there to do it.”
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2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25
2013-11-25