“…Current efforts to reduce negative fisheries impacts on a global scale include approaches such as bycatch reduction strategies ( Swimmer et al, 2011 ; O’Neill & Mutch, 2017 ; Veiga-Malta et al, 2018 ), bans on harvests of certain species ( Sherman et al, 2018 ), elimination of discards ( European Union, 2013 ), regulating exports related to non-sustainable fisheries ( Shiffman & Hueter, 2017 ), fishing regulatory closures for Vulnerable Marine Ecosystems (VME) in Areas Beyond National Jurisdiction (ABNJ) ( NEAFC, 2018 ), prohibition of destructive gear types for VMEs ( Auster et al, 2011 ), marine protected areas ( Hameed et al, 2017 ; Hastings, Gaines & Costello, 2017 ), and increased aquaculture production ( FAO, 2018 ; Froehlich, Gentry & Halpern, 2017 ). Implementation of conservation measures such as large-scale marine protected areas can pose challenges for nations that close off areas of their waters; however cross-jurisdictional management with transferable fishing rights has been proposed as a potentially viable market-based solution to promote transboundary cooperation in these situations ( Villaseñor-Derbez, Lynham & Costello, 2020 ).…”