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Abstract
The purpose of the article is to determine the innovative direction of the development of foreign economic relations in the region. The article emphasizes the essence and importance of innovation, innovative activity for the development of regional business, highlights the stages of foreign economic innovation processes, emphasizes problems, constraints and measures to overcome obstacles to innovation. To eliminate limiting problems and constraints, recommendations and measures to overcome obstacles to the innovative focus of regional business are summarized, conditions for innovative development and the goals of creating scientific and technological parks in the regions are outlined.
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