U.S. absence from UNCLOS has already resulted in jobs leaving U.S. to go to member states
Lockheed Martin has already sent American jobs outside the U.S. in order to obtain the benefits from ISA Member States.232 As 2018 approaches, the eyes of the world will turn its focus on Nautilus’ attempt to successfully operate the world’s first deep seabed mining operation.233 The success of the Solwara 1 Project will usher in a new era of opportunity for all, excluding non-ratifying States like the U.S.234 The probable response by other U.S. companies would be to follow Lockheed Martin’s footsteps, triggering the trend of utilizing foreign subsidiaries to operate deep seabed mining businesses, to the detriment of the United States.235
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It’s Time to Get Off the Bench: The U.S. Needs to Ratify the Law of the Sea Treaty Before It’s Too Late ." The University of the Pacific Law Review. Vol. 48, No. 2 (2017): 318-341. [ More ]"