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In this video tutorial, Eric Goldschein from Fundera discusses the essentials of starting an import/export business. He emphasizes the ongoing demand for this industry, which spans various categories, including consumer goods and food products, and is valued at hundreds of billions of dollars. Historically, trade has been a fundamental activity among people, exemplified by the importation of clothing from China and olive oil from Spain. If you've identified a promising product for another market, it's time to consider the steps to import or export it. Goldschein notes different business structures, like an Export Management Company (EMC), which facilitates the export of goods for domestic businesses targeting foreign markets.
