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US urges allies to comply with UN treaty it has not yet ratified

United Nations Convention on the Law of the Sea ratification The commander of United States military forces in the Pacific has urged the US Senate to ratify the United Nations Convention on the Law of the Sea (UNCLOS).If it signed, the US would be in a "much stronger position to demand adherence to the rules contained in it," Navy Adm. Samuel J. Locklear III told the US Senate foreign relations committee Friday (Saturday in PHL). He briefed Pentagon reporters afterwards.Locklear said that because the US is not a party to the UNCLOS, "Our challenges are less credible than they might otherwise be."During recent visits of Philippine officials to the US-culminating with the visit of President Aquino this June-the US has urged countries disputing all or parts of the South China Sea to adhere to rules prescribing peaceful resolution of conflicting claims.The UNCLOS treaty was opened for signature in December 1982 and took effect in November 1994, when 60 countries had signed.The Pentagon noted in a news release on the US Department of Defense website that the US, "has not ratified the treaty, but the nation's military leaders have in recent months urged US accession to the agreement."Locklear said he told ...

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US exempts India, South Korea, Turkey and four other countries from Iran oil sanctions

Initially for a 180 day period On 11 June 2012 it was announced by the US Department of State that India, Malaysia, South Korea, South Africa, Sri Lanka, Turkey and Taiwan have been exempted for a period of 180 days from the provisions of section 1245(d)(1) of the National Defence Authorization Act of 2012 ("NDAA"). The 180 day exemption is renewable upon review. These seven countries are not exempted from any other US sanctions against Iran, other than those in Sec. 1245(d)(1) of the NDAA for 2012.Section 1245 of the NDAA provides:1. For the blocking of all assets found within US jurisdiction belonging to any Iranian financial institution.2. All private financial institutions (US or foreign) that knowingly conduct or facilitate any significant transactions with the Central Bank of Iran, or with any Iranian financial institution which has been designated by the US, are subject to being sanctioned by the U.S. The sanction provided for in the NDAA is that the foreign financial institution will be prohibited from opening or maintaining correspondent accounts with US financial institutions. In other words, they will be shut out of the U.S. financial system.3. Transactions involving the sale of food, medicine or medical devices to ...

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