U.S. business leaders, including the heads of the U.S. Chamber of Commerce and the National Association of Manufacturers, offered wholesale support for U.S. ratification of the Law of the Sea Treaty at a June 28 Senate hearing. Delayed for decades, Senate ratification of the U.N. treaty would give investors in offshore oil, gas, and mineral exploration more certainty and ensure that the United States has a voice in international deliberations over commercial activity well beyond its borders, Thomas Donohue, the chamber's president and chief executive officer, told the Senate Foreign Relations Committee.
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