Promoting interregional cooperation in the social sphere as an important reserve to strengthen relations within the union state

In modern conditions of globalization the need for interregional cooperation in the implementation of foreign economic relations of the countries becomes increasingly evident. In this case, if a country becomes part of a larger integration association, it must consider the aspects that arise during the joint existence of two or more countries in the association. The experience of the Union State, being such an association, is considered in the paper. The purpose of the study is to determine key factors preventing the creation of the common economic space of the Union State and the opportunities for development of interregional relations, which will facilitate a more dynamic adaptation of regional economies to modern business processes and, therefore, create new opportunities for the development and implementation of competitive advantages in the regions of both countries. The novelty of the study lies in the fact that the article defines the essence and meaning of “interregional cooperation”...