It is frightening to contemplate what a supranationalorganization dominated by countries that do not like us will do if it becomes self-supporting through LOST-facilitated taxes, fees, and revenue-sharing.
Yet, that would be the effect of our joining one of the UN's offshoots--the International Seabed Authority (ISA), a supranationalorganization created by Part XI of the Law of the Sea Treaty.
With the precedent of a supranationalorganization firmly set by the European Coal and Steel Community, Western Europe moved forward again in 1957 with the launch of the European Economic Community--the Common Market, as it came to be called.