“…The need for management and conservation of exploited elasmobranchs is widely accepted (Dulvy et al., ), and the provisions CITES offers are a useful tool to encourage sustainable management for internationally traded species (Vincent, de Mitcheson, Fowler, & Lieberman, ). However, the merits of investing in the management and conservation of marine species, through the trade‐related Convention, and the effectiveness, costs, impacts and benefits of this approach are still widely debated (Challender, Harrop, & MacMillan, ; Christie, Oracion, & Eisma‐Osorio, ; Cochrane, ; Cochrane & Doulman, ; Foster, Wiswedel, & Vincent, ; Franckx, ; Guggisberg, ; Mace, O'Criodain, Rice, & Sant, ; Rice & Mace, ). This is partly because a large range of established instruments and mechanisms for fisheries management already exist (Caddy & Cochrane, ; Cochrane & Garcia, ; Gutiérrez, Hilborn, & Defeo, ; Marashi, ; Melnychuk, Peterson, Elliott, & Hilborn, ), and because many species of elasmobranchs are caught as bycatch and have significant value for the domestic market, which is not subject to CITES controls.…”