by Iain Murray
National Center for Policy Analysis
March 29, 2013
As this study clarifies, the United States would stand to lose from ratification of the Law of the Sea Treaty (LOST). The direct economic costs would be significant, global welfare could very well suffer, and when combined with the potential for environmental litigation, the total cost could be disastrous. The Treaty’s very structure would reduce the United States to one voice at a noisy dinner table—a voice that could find itself at best paying for the entire meal, and at worst find itself on the menu. All of the proclaimed benefits of LOST can be achieved by other means. In the end, as far as the United States is concerned, the Treaty deserves to be lost at sea.