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.
To prevent a repeat of 1930s beggar-thy-neighbor protectionism, governments yielded significant powers over trade policy to supranational bodies such at the World Trade Organization (previously the General Agreement on Tariffs and Trade) and the European Union.