Abstract: The subject of research is the problem of increase of competitiveness of fishery complexes of Far East regions which is considered on the example of the Magadan region. In modern conditions of uncertainty it is important to determine the possible directions of the state measures for enhancement of management of a regional fishery complex for the purpose of increase of level of its competitiveness. The assessment of competitive advantages of a fishery complex of the Magadan region has allowed to reveal the key directions of its increase within enhancement of public administration by a fish industry of the Magadan region. The main results of research are applicable to all Far East regions. Method, research methodology. A methodological and theoretical basis of research are works of the Russian scientists concerning development of fishing activities and competitiveness of an industry. The main methods of research are system approach, the analysis and synthesis, the comparative analysis, the analysis of statistical data, an expert method. Novelty of research, conclusions. For the purpose of identification a determinant of competitive advantage of a regional fishery complex the economic model of research of competitive advantages of M. Porter has been adapted. The assessment of competitiveness of a regional fishery complex on the example of the Magadan region by ranging of absolute and relative measures of various industries on the main determinants of competitive advantages is offered and given.