The Worst Treaty In The History Of Mankind
The number one reason: It is the first time in the history of mankind that a leader of sovereign nation is willing to surrender that sovereignty against the will of it's peoples to a corrupt lesser power which will dictate to the people that which the Assembly decides...and thus removes the voting power of the people.
The Assembly will decide upon which laws they will obey and put themselves above the law of all participating states. The Assembly will exempt themselves from all taxes and yet tax the member states for the privilege of such obscene membership. The Assembly will not be subject to any Legislative or Executive branch of any of the member states...thus making a mockery out of any voting privileges remaining with the people. The landlocked member states will have free and open passage across neighboring states to obtain access to the oceans. The Assembly will have the right of passage anywhere among and over the member states to enforce their laws with complete immunity from all other laws unless they decide to give up that immunity.
The Law Of The Sea Treaty will discourage Capitalism in that the Assembly will charge enormous fees for the privilege of mining the ocean floor (sea bed). Any such entrepreneur willing to attempt such endeavors must share his findings with member states chosen by the Assembly.
Here is an excerpt from "UNCLOS"
United Nations Convention on the Law Of the Sea
SUBSECTION G. LEGAL STATUS, PRIVILEGES AND
The Authority shall have international legal personality and such legal
capacity as may be necessary for the exercise of its functions and the
fulfilment of its purposes.
Privileges and immunities
To enable the Authority to exercise its functions, it shall enjoy in the
territory of each State Party the privileges and immunities set forth in this
subsection. The privileges and immunities relating to the Enterprise shall be
those set forth in Annex IV, article 13.
Immunity from legal process
The Authority, its property and assets, shall enjoy immunity from legal
process except to the extent that the Authority expressly waives this immunity
in a particular case.
Immunity from search and any form of seizure
The property and assets of the Authority, wherever located and by
whomsoever held, shall be immune from search, requisition, confiscation,
expropriation or any other form of seizure by executive or legislative action.
Exemption from restrictions, regulations, controls and moratoria
The property and assets of the Authority shall be exempt from
restrictions, regulations, controls and moratoria of any nature.
Archives and official communications of the Authority
1. The archives of the Authority, wherever located, shall be inviolable.
2. Proprietary data, industrial secrets or similar information and
personnel records shall not be placed in archives which are open to public
3. With regard to its official communications, the Authority shall be
accorded by each State Party treatment no less favourable than that accorded
by that State to other international organizations.
Privileges and immunities of certain persons connected with the Authority
Representatives of States Parties attending meetings of the Assembly, the
Council or organs of the Assembly or the Council, and the Secretary-General
and staff of the Authority, shall enjoy in the territory of each State Party:
(a) immunity from legal process with respect to acts performed by them
in the exercise of their functions, except to the extent that the State
which they represent or the Authority, as appropriate, expressly
waives this immunity in a particular case;....