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In this video tutorial, Eric Goldschein from Fundera discusses starting an import/export business, emphasizing the industry's resilience regardless of the global economy's status. The import-export market is substantial, covering a variety of goods such as capital goods, consumer items, equipment, and food, generating hundreds of billions of dollars annually. Trade has been a fundamental activity for centuries, enabling the exchange of products like clothing from China and olive oil from Spain. For those identifying a potentially successful product for another market, exploring import and/or export opportunities is crucial. He also mentions different types of businesses, like an export management company (EMC), which helps domestic companies reach new markets.
