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Eric Goldschein from Fundera discusses starting an import/export business, emphasizing its resilience in any economic climate. The import/export market encompasses various categories, including capital goods, consumer goods, and food and beverages, generating hundreds of billions of dollars. Trade has existed for centuries, enabling the exchange of goods like clothing from China and olive oil from Spain. If you have identified a product with potential in a new market, it's time to consider how to import or export it as a business. He also mentions different models, such as an Export Management Company (EMC), which facilitates exports for domestic businesses seeking international sales.
